News for hackers. Stuff that matters.

A comment on U of Chicago projected to be the first U.S. university to cost $100k per year. Parent comment

Re:U of Chicago projected to be the first U.S. university to... by smileysteve on Monday November 04, 2019 @05:24PM (#21447245)
> You just made college out of reach for everyone that isn't already wealthy

Immediately yes, fortunately, there is a supply and demand curve, so if you cut the demand for a bunch of colleges that already exist; then the price should find a new equilibrium. Of course, as is the science of economics, time and outside influences matter.

[ Parent | on HN ]
Re:U of Chicago projected to be the first U.S. university to... by marrone12 on Tuesday November 05, 2019 @01:10AM (#21450093)
So what do you say to all the people for who college will be out of reach while the market "equalizes"?
[ Parent | on HN ]
Re:U of Chicago projected to be the first U.S. university to... by smileysteve on Tuesday November 05, 2019 @08:27AM (#21452138)
The same thing we're telling financially concerned people now; public colleges, community colleges, trade schools.

Fortunately, in a low unemployment world, also means that hiring should be very elastic to this change.

[ Parent | on HN ]