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...
- Regulation by Guidance
- Lyft v. Saint Louis
- Community Banks, Consolidation, and Regulatory Burdens
- Bidding Bye to the Bank
- The hidden weight on our educational system
- Illinois, Chicago treats small businesses like they're a problem
- Chevron-Ecuador and Steven Donziger update
- Mac Donald on stop-and-frisk trial
- On WNYC today to discuss line sitters and the Supreme Court
- Where are the lawsuits on behalf of Asian-Americans?
- Does Fisher matter?
- The latest CFTC rulemaking challenge
- CFTC's aggressive extraterritorial reach
- The Transatlantic War Against Homework
- Bainbridge on unions