Bad Economics: College degree’s & Income inequality

Discussion in 'Economics' started by Innervoice, Feb 14, 2023.

  1. Pekelo

    Pekelo

    Just wait until you learn that as a taxpayer you pay farmers NOT to produce corn and shit. We could cut the military spending by 10%, probably would cover a big chunk of public colleges. Generally I don't like it when it is completely free because students/people don't appreciate free stuff.

    But if a bunch of European countries can afford mostly free colleges, I don't see why the richest country couldn't...
     
    #51     Feb 19, 2023
  2. deaddog

    deaddog

    But why fund colleges at all? Shouldn't you invest in your own future?
     
    #52     Feb 19, 2023
  3. Pekelo

    Pekelo

    Because a country needs doctors and teachers and some engineers too?

    "Germans generally believe that education should not be treated as a commercial product, and that free access to higher education ensures economic growth and welfare for the greater population."

    Those freaking Germans, with their crazy ideas. No wonder they started 2 world wars.

    "In 2014, Germany's 16 states abolished tuition fees for undergraduate students at all public German universities. This means that currently both domestic and international undergraduates at public universities in Germany can study for free, with just a small fee to cover administration and other costs per semester."

    Countries in Europe with almost free colleges:

    https://research.com/universities-colleges/european-countries-with-free-college#2
     
    Last edited: Feb 19, 2023
    #53     Feb 19, 2023
  4. deaddog

    deaddog

    These are reasonably well paying jobs. (Not according to teachers) If education becomes free won't there be an influx of professionals. How is that working out in Germany?
     
    #54     Feb 19, 2023
  5. Pekelo

    Pekelo

    The state controls the available spots, according to the country's needs. It is called planning.
     
    #55     Feb 19, 2023
  6. deaddog

    deaddog

    So your depending on government to do the planning.:banghead::rolleyes:
     
    #56     Feb 19, 2023
    SunTrader likes this.
  7. VicBee

    VicBee

    A college/university is a lot more than in an individual's future earning potential. It's gaining knowledge that is necessary for a business, it's a future tax contribution, it's a far lower risk of depending on government's welfare system. The knowledge gained may lead to scientific discoveries, intellectual or creative inspiration that all of society benefits from. A better educated nation is a sign of a healthy nation. Government should support education in the same way it supports healthcare, retirement, armed forces, research, infrastructures, etc
     
    #57     Feb 19, 2023
  8. deaddog

    deaddog

    I can't argue with that. Government does support education up to the college level. If you want to go furthur it's up to you. The student loan program is a government initiative is it not.
    I financed my education with loans, which I whined and cried about but eventually paid off.
     
    #58     Feb 19, 2023
  9. VicBee

    VicBee

    US high school education? Come on... that's the equivalent of 6th grade in Europe. It's so bad that kids have to take separate AP classes to go to college.
    My argument stands though, you shouldn't have had to pay for your education. Australia has somewhat of an alternative. First, university is much cheaper than in the US but their solution is to charge the cost back to students once they are fully employed and as a % of their income.
    Australia subsidizes the cost to Australians by charging foreign students full fee. In return, those foreign students obtain a work visa allowing them to stay in the country.
     
    #59     Feb 19, 2023
    Frederick Foresight likes this.
  10. deaddog

    deaddog

    Canada the same thing. Really it's government subsidized child care
    That makes sense.
     
    #60     Feb 19, 2023