Colleges Get an ‘A’ in Hiking Costs
2nd June 2013
You remember Faux-cahontas’s days as a “token Native American” at Harvard University, getting a $349,000 check for what was essentially part-time work. Turns out she’s not the only member of the higher education industry who’s making big bucks for small-time work.
A terrific new article from the New England Center for Investigative Reporting reminds us of the core mission of Massachusetts colleges and universities: To make money for education bureaucrats.
My, what a surprise! Aren’t you surprised? I’m sure surprised.
There’s another question, too — why are the degrees so much more expensive? After all, the raw materials of a college education are far cheaper today than they were a generation ago. Textbooks that require frequent updates are expensive. Kindles that can hold 1,000 books aren’t. Million-dollar computing systems for college bureaucracies now literally fit in the palm of your hand.
And then there’s the labor: Lots of kids with worthless bachelor of arts degrees going back to grad school to avoid economic reality equals a large supply of potential professors. And as supply goes up, price goes down. (I skipped Latin to study econ.)
Only prices haven’t. College costs continue to grow faster than inflation. How is that possible?
Because, once again, the point of process isn’t to educate your kids. It’s to create cushy government jobs.