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by npalli 3806 days ago
> Much of the reason the cost has outpaced inflation is the subsidizing of the tuition price

But is this really true? Student tuition debt would say otherwise. In any case, you should follow the money and see where all this cost increase has landed. Certainly isn't the professor/TA salaries. Most of the increase has flowed into administrative costs. An entire bureaucratic edifice has been constructed that contributes nothing to education. Same with healthcare. Guess what, most of the bureaucrats are Boomers!. One more reason to designate the Boomers as the worst generation.

1 comments

This is what happens when incentives for efficiency are removed. In industries with large amounts of regulation we see this over and over. In education with more than 50% of money spent on administration it's just particularly obvious.