Another big grift

Professor Campos takes a long hard look at the economics of higher education. You can read the whole thing if you ' re interested. In a pistachio shell, tuition has risen enormously in the past 40 years, as have total revenues and spending, but the money isn ' t going to instruction. As a matter of fact, more and more teaching is done by low-paid and job insecure adjuncts and non-tenure track faculty. The money is going to more and more highly paid administrators, fancy buildings, athletic programs, and such fol-de-rol. And by the way it is not the case that public subsidies for higher education have declined. They have in fact increased, but again, the money isn ' t going to instruction, it also is being hoovered up by administrators and buildings.And by the way students aren ' t getting more economic payoff from the ever higher tuition.* It is true that the gap in earnings between people with and without degrees has increased, but that ' s because people without degrees are earning less, not because people with degrees are earning a whole lot more. Campos analyzes the forces driving this trend, pretty compellingly, but he doesn ' t propose a solution.It ' s particularly interesting that the comments on the post quickly veer  into health care. There are different dynamics, but people are experiencing a more and more expensive system, with increasing public subsidies, and they aren ' t feeling better cared for. It is true that health care administrators, like university ...
Source: Stayin' Alive - Category: American Health Source Type: blogs