How America's universities became debt factories

Re:How America's universities became debt factories by WalterBright on Saturday September 14, 2024 @11:15PM (#41544921)

> Move most good careers that do not require a college degree out of the country for the benefit of shareholders

The economic law of comparative advantage means that expenses go to where they are the cheapest.

The solution is not to punish companies, because if you do then the entire company moves out of the country.

The solution is to look at why foreign labor is cheaper, and what can be done to make domestic labor more competitive.

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Re:How America's universities became debt factories by nothercastle on Saturday September 14, 2024 @11:23PM (#41544966)

Sure just allow slavery, unlimited pollution and no safety requirements or liability then the US would have no problem competing. Otherwise you have to regulate to create a level playing field

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Re:How America's universities became debt factories by WalterBright on Sunday September 15, 2024 @12:47AM (#41545287)

The law of comparative advantage applies even to the states. It applies everywhere.

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