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17 * $53,891 = $916,147 There is no way the average or even median university education costs nearly 1 million dollars. I have no doubt it costs way too much,
by fokov 12y ago
17 * $53,891 = $916,147
There is no way the average or even median university education costs nearly 1 million dollars. I have no doubt it costs way too much, but this argument isn't valid.
- foobarqux 12y ago17 times the rate of increase, not 17 times the current value. So new_school_cost/old_school_cost = 17*new_median_income/old_median_income.
- lmm 12y agoMy brother is getting rich faster than Bill Gates - I mean, he went from 0 in the bank last year to $200 this year, whereas Gates actually gave some money away! Sometimes the absolute value is much more meaningful than the derivative.