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by a_better_world
122 days ago
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if college education produces a public good (a more competent workforce), then it should be funded through public funds-- government should pay for education. If it does in fact lead to better outcomes, then the higher tax will cover the cost. running it through the private system builds in too many perverse incentives. |
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It doesn't achieve this; the % of college graduates has vastly increased over the past few decades, but this hasn't contributed to any significant improvements in standardised measures of graduate knowledge or intelligence. From a business perspective the primarily usage of college is as a filter, a proxy for intelligence and willingness to follow instructions, but its usefulness as a filter has been steadily decreasing as it becomes easier and easier to attend and graduate from college.