Archive for the ‘Tuitions’ Category

Free college for all?

September 14, 2017

Idea falls flat with voters

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Interesting article in left-leaning Politico: Teflon Don confounds Democrats

Based on research, conducted by private firms and for Democratic campaign arms, Politico analysts have concluded:

Democrats tried attacking Donald Trump as unfit for the presidency. They’ve made the case that he’s ineffective. They’ve argued that Trump is using the presidency to enrich himself. They repeatedly claim that his campaign was in cahoots with Russia. None of it is working.

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And, many of the proposals Democrats are pushing fall flat in focus groups and polling.

Many of the ideas party leaders have latched on to in an attempt to appeal to their lost voters — free college tuition, raising the minimum wage to $15, even Medicaid for all — test poorly among voters outside the base.

Of course, the results re: free college tuition caught my eye …

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High tuitions … and “Baumol’s Cost Disease”

June 22, 2016

Previously, we posted What do high healthcare costs and high tuitions have in common?

A loyal reader reminded me of the connection between high tuitions and “Baumol’s cost disease”

To that point …

The NY Times ran a piece by Harvard Prof Greg Mankiew summarizing his views re: high and increasing college tuitions.

One of Mankiw’s identified causes is “Baumol’s Cost Disease”

Many years ago, the economist William Baumol noted that for many services — haircuts as well as string quartet performances — productivity barely advances over time.

Yet as overall productivity rises in the economy, wages increase, so the cost of producing these services increases as well.

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Education is a case in point …

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High tuitions … and “Baumol’s Cost Disease”

January 21, 2016

The NY Times ran a piece by Harvard Prof Greg Mankiew summarizing his views re: high and increasing college tuitions.

One of Mankiw’s identified causes is “Baumol’s Cost Disease”

Many years ago, the economist William Baumol noted that for many services — haircuts as well as string quartet performances — productivity barely advances over time.

Yet as overall productivity rises in the economy, wages increase, so the cost of producing these services increases as well.

image

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Education is a case in point …

(more…)