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by SketchySeaBeast 2274 days ago
> Outside of the US Millenials have enjoyed cheaper (when adjusted) education than ever before

Do you have a source for this? Considering the disparity between nations, that seems to be painting with an overly broad brush.

1 comments

I can't find the link, but an economist made the argument that college has gotten cheaper because although costs have gone up so has its utility. So it's a "more for your money" sort of situation. I personally don't subscribe to this view and it's not something one can simply state as a fact.

Similar to how say an automobile's year-over-year price may have increased by 5% but the adjusted value is 2% because last year's models didn't have side airbags as standard or something like that.

Given that the current sentiment seems to be that vast majority of college degrees are either worthless or simple table stakes to be able to participate in a white collar vocation I wouldn't say I follow that view either.