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by nn2
5087 days ago
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Universities are still extremely expensive, just with the people (grad students and post docs) who do most of the actual science getting very little of the money. It's just extremely unfair and calling it a "pyramid scheme" is charitable. Overall universities are just extremely inefficient. Where does all the money go to? The person in the article who went into an administrative job may have been onto something. Part of the problem is also the biology/chemistry bubble.
In the 90ies these areas expanded extremely and now they are downsizing to more reasonable levels again. With CS degrees they would be better off. |
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Pensions: http://www.businessweek.com/ap/2012-06-19/university-of-cali... (That's one article about one university system, but most others face similar issues.)
I've said it before and I'll say it again: College has become the most effective means of wealth transfer from Generation Y kids to the Baby Boomers...financed by the government, of course.