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> They are not profitable at all, which would mean teachers would not get paid at all under your model of supply and demand. I imagine private schools are very
by ahomescu1 13y ago
> They are not profitable at all, which would mean teachers would not get paid at all under your model of supply and demand.
I imagine private schools are very profitable, but most students and teachers go to public schools which are funded by government (and then from taxpayers).
The difference here isn't between "models", but between the free market and government funding. Only government can throw bags of money at stuff that's "socially valuable".
- vannevar 13y agoThe difference here isn't between "models"... It is, actually. It's a different economic model (ie, formula) to express demand solely as a function of profitability than it is to describe it as driven by what someone is willing to pay, one possible factor in which is their profit motive. The reality is that we pay for things all the time without regard to their profitability. The fact that for-profit schools exist does not mean that there is no other valid rationale for paying teachers besides profit.