alt Hacker NewsIt does. In large part due to Baumol's cost disease - higher overall incomes in productive sector like tech drive up costs for sector with low productivity growth - so professors and admin staff in US make 2x salaries compared to Europe (cost of living adjusted). Also, have you seen EU student amenities and dorm sizes?
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EU universities, the amenities are quite meager, as they should be. But for dorms it’s usually single occupancy. Unlike the US where you’re expect to have roommates.
I'm trying to follow you. I don't get how Baumol's has a higher degree of effectiveness in the US than it does in the EU? Are you saying there are more tech companies and therefore tech roles in the US than EU and thus those drive up non-tech wages even though they aren't as productive?
When you break down how budgets have changed, the two biggest drivers of tuition increases are the growth of administration, and fancy amenities like sports facilities.
The cost of the person in front of the blackboard has not been increasing.
Is it necessary for there to be student amenities paid for by the school? Why should tuition pay for a bunch of ancillary nice-to-haves instead of, ya know, the education?