Demand outstrips supply for New York private schools, and thus tuition creeps upward faster than inflation and the cost of education elsewhere, reaching an astonishing $40,000/year at some schools. At no point does the New York Times article (h/t K.L.) identify what is causing the imbalance: regulatory barriers to entry that make it nearly impossible for new institutions to open and relieve some of the excess demand. Too, some of the excess demand is caused by the large difference in quality between private and public schools, a problem exacerbated by the amount of money public schools waste on union contracts designed to benefit low-quality teachers instead of students.
Speaking of NY Times bias...
- A small victory against the EPA
- NY Times partisan hackery department: filibuster division
- MetLife fires 4,300 citing uncertainty and overregulation
- San Francisco sick leave followup
- FLSA and breast-feeding
- Adverse effects of CARD Act's limits on freedom of contract
- Anti-overregulation bill dying in Senate committee
- Obama administration takes Cordray confirmation fight to the public
- Institute for Justice celebrates 20 year anniversary
- Hans Bader uncovers a Catch-22 in EEOC enforcement
- Judge Upholds New Rules Prohibiting the 'Occupation' of Zuccotti Park
- "The Public-Union Albatross"
- Ohio union vote
- What's in the water in Wisconsin?