alt Hacker News"we could’ve eliminated student loan debt for ~20 million Americans. "
Don't throw more money at schools. They will happily take the money and jack up tuition even more. There is no reason why tuition is going up at the pace it does.
"we could’ve eliminated student loan debt for ~20 million Americans. "
Don't throw more money at schools. They will happily take the money and jack up tuition even more. There is no reason why tuition is going up at the pace it does.
> There is no reason why tuition is going up at the pace it does.
There is and it's explained by Baumol's cost disease. Basically you can't sustain paying professors the same wage while productivity increases in other parts of the economy. Even if the actual labor of "professing" hasn't gotten more productive. You have to retain them by keeping up with the broader wage increases. And that cost increase gets passed down to students.