Comment by satvikpendem
Comment by satvikpendem 4 days ago
Europe has a much lower expenditure per student compared to the US.
https://www.aei.org/articles/the-crazy-amount-america-spends...
Comment by satvikpendem 4 days ago
Europe has a much lower expenditure per student compared to the US.
https://www.aei.org/articles/the-crazy-amount-america-spends...
Because schools are in competition with one another to attract students (who have the ability to broadcast applications to multiple schools). The campus life factor is a major part of a student’s decision.
Put yourself into the student’s shoes. If you had the choice between two schools of otherwise roughly equal academic reputation but one offered luxurious residences while the other housed students like medieval monks, which would you choose?
Public schools shouldn't oblige and instead offer the lower cost option. The market will then sort this issue out in a few years. Right now its public = expensive and private = absurdly expensive
The roommates thing is just part of the socialization of US universities, since many kids are not living anywhere near home and if they aren't forced to become close friends with someone by, say, sleeping right next to them, they often go a little nuts. By the time you are an upperclassman you are generally given your own room or you live off campus.
I've done the US university dorm living. I was already pretty well socialized being involved in many social causes and clubs. Unlike the movies, my roommate and I didn't turn into lifelong friends. Our living arrangement was strictly business. Now, I am lifelong friends with my apartment roommates. We shared a house together but did not share a room.
Also, campus ties you closer to home more than you imagine. They shutdown campus for different breaks and you're more or less forced to go elsewhere, which is typically your family home.
But honestly, double and triple occupancy rooms are completely unnecessary and uniquely American.
>I am lifelong friends with my apartment roommates. We shared a house together but did not share a room.
It depends entirely on the person. I had a similar thing happen to me, except that I managed to get a single my first couple years of school. But I know from others, that it often creates a very intimate, fraternal bond which gives kids some semblance of a family bond before they are able to get a real social life, join clubs, make friends, find a partner etc.
I'm trying to follow you. I don't get how Baumol's has a higher degree of effectiveness in the US than it does in the EU? Are you saying there are more tech companies and therefore tech roles in the US than EU and thus those drive up non-tech wages even though they aren't as productive?
I call bullshit on this.
There are lots of reasons why US academics earn so much more than their european counterparts, but the income level of US tech employees is not high on the list, if it is on the list at all.
Also, Baumol's doesn't predict that wages in low productivity growth sectors will rise, it merely notes that the costs in such sectors do not fall, which means that whatever the sector produces (good, services, art etc) become relatively more expensive compared to other production. This is why it appears to cost so much to see the symphony orchestra, even in Cincinnati - it's not that the players all make a ton of money, it's that their productivity is flat, so the costs of the performance appear to rise relative to, say, toothpaste.
The cost of the person in front of the blackboard has been steadily going down; those people have been complaining about this for decades.
It does. In large part due to Baumol's cost disease - higher overall incomes in productive sector like tech drive up costs for sector with low productivity growth - so professors and admin staff in US make 2x salaries compared to Europe (cost of living adjusted). Also, have you seen EU student amenities and dorm sizes?