Seriously, I read this article from an economist and it made a bit of sense.
When we compare tshirts from 20 years ago and today we find we pay about the same (in fact less given inflation).
http://worthwhile.typepad.com/worthwhile_canadian_initi/2011/02/have-universities-reached-the-tipping-point.html
But tuition for universities has grown 7-20 fold depending where you go to school.
I'm not a fan.
But the question is why?!
Well part of it is outsourcing.
If you demand your walmart goods and cheap fast food.....no wait that's not it...... if you demand cheap goods like any product made in china, you want the lowest price.
The producers know this and they watn to deliver to make themselves competitive. That means lowest price points. Lowest price points means sending jobs/work to those who live with a lower standard of living (largest expense for any company is of course salary).
So pay the Chinese 2/hr vs. 18/hr in canada.
THen pass savings to you.
Universities need to maintain their quality teaching (let's assume quality) by paying their profs. Doesn't help they lose funding from government along the way.
So if it weren't for the globalization of all our products we'd be paying $50 bucks for a t shirt.............
I do'nt like where this is going....
