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nnkand former assistant secretary of education, has urged college presidents to resist the accountability juggernaut.

high education has long been a primary source of the Statess competitive advantage, so government officials would be orthogonal to proceed cautiously. But an examination of the economic forces that have shaped the high-education market in recent decades suggests that there may be promising opportunities to curb tuition growth.

Some of that growth has resulted from a phenomenon called Baumols disease, after the economist William J. Baumol, who described it in a 1965 article he wrote with William G. Bowen. The basic idea is that while productiveness gains have make it possible to assemble cars with only a tiny fraction of the labor that was once required, it still takes tetrad musicians nine minutes to perform Beethovens gear Quartet No. 4 in C minor, skillful as it did in the 19th century.

College commission more most resembles a musical performance than an auto assembly line. Although culture technologies have yielded some productivity growth in academia, instruction still takes place largely as it always has.

To kick upstairs professors, universities must pay salaries roughly in line with those made possible by productivity growth in other sectors.



So while rising salaries neednt lead to higher prices in numerous industries, they do in academia and many other service industries.

Beca employment universities atomic number 18 already rushing to use technologies for improving faculty productivity â€" for example, Web-based review sessions and homework military rating â€" subsidy reductions wont encourage much extra progress against Baumols disease. But theres a second major source of tuition growth that universities are less able to ameliorate on their own: the escalating aspiration for academic prestige.

This phenomenon is rooted in the growing disparities in graduates commencement salaries, which resemble those weve seen for the country as a whole. After...If you want to sire a full essay, order it on our website: Ordercustompaper.com



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