[malvosenior]

It’s not arbitrary at all. The market sets pricing, it’s not magic. If we fully deregulated education I bet you’d see teacher’s salaries rise. Of course then only the wealthy would get an education but it’s disingenuous to suggest demand and its impact on price is “arbitrary”.

[falcolas]

By the market, do you mean the government? Because they set the budget for education, and that budget determines how much money is available to pay teachers with.

Or do you mean the voters, who typically vote down attempts to increase the money for education budgets - typically because most taxpayers don't have children active in education.

There are no market forces at work here whatsoever.

> If we fully deregulated education I bet you’d see teacher’s salaries rise.

One can look at private schools (including universities) and see this is not the case. The pay does increase slightly, but nowhere near proportionally to the value provided. A lot of that extra money provided by private citizens for their children's education is absorbed by bureaucracy (and football).

[malvosenior]

> The pay does increase slightly, but nowhere near proportionally to the value provided.

Maybe it’s not as valuable as you think it is. If it was, people with means would pay more for it.

[s73v3r_]

Saying "The market sets pricing" is admitting that it's arbitrary.

"If we fully deregulated education I bet you’d see teacher’s salaries rise."

I don't, not by a long shot.

"it’s disingenuous to suggest demand and its impact on price is “arbitrary”."

But that's not what I'm suggesting. Demand for teachers is pretty high. Pay has not risen to meet that demand, however. Demand for software engineers is also high, but only in some places has that demand correlated with a rise in salary.

It is completely arbitrary.

[malvosenior]

Supply and demand defining price is economics 101. If you’re going to propose an alternative reality, you’re going to have to provide some data to back it up.

[s73v3r_]

And Econ 101 is extremely simplified, due to being an entry level course. Go beyond the freshman level, and you'll find far more nuanced forces at play.

[malvosenior]

Nuanced != arbitrary