Comment Re:Privacy? (Score 2) 776
The figures in that article are inaccurate for three reasons:
1. It includes money spent in post-high-school education. Our colleges and universities are insanely overpriced for what they deliver, and it is now an industry ripe for disruption. The liberal arts college I attended now costs $50,000 per year, it isn't anywhere near an Ivy League school. I don't know why any kids go there now. I wouldn't co-sign a loan for my own kids to go there. On spending through high school, our spending per student is much lower.
2. Standards of living matter. If a teacher making $50,000 per year in Iceland has a nicer home and car (or access to good public transit) than a teacher making $60,000 per year in the US, then Iceland can spend 17% less than the United States per employed teacher and still hire a higher quality of educator.
3. I suspect - but cannot prove - that US education costs from the study include the cost of providing health insurance to educators and other school staff, while most countries with nationalized health care budget those expenses separately. Even if the comparison does include health care costs from both countries, the US spends three times as much on health care per capita as most countries with nationalized health care. So that could account for the complete cost difference all by itself.
So... no, we're not overspending on education and wasting money. I'm sure there's plenty of corruption and waste to eliminate, and I support programs with that in mind. But it's dishonest to say we're just throwing good money after bad. We're not. We are not spending as much as the nations that are beating us in education.
1. It includes money spent in post-high-school education. Our colleges and universities are insanely overpriced for what they deliver, and it is now an industry ripe for disruption. The liberal arts college I attended now costs $50,000 per year, it isn't anywhere near an Ivy League school. I don't know why any kids go there now. I wouldn't co-sign a loan for my own kids to go there. On spending through high school, our spending per student is much lower.
2. Standards of living matter. If a teacher making $50,000 per year in Iceland has a nicer home and car (or access to good public transit) than a teacher making $60,000 per year in the US, then Iceland can spend 17% less than the United States per employed teacher and still hire a higher quality of educator.
3. I suspect - but cannot prove - that US education costs from the study include the cost of providing health insurance to educators and other school staff, while most countries with nationalized health care budget those expenses separately. Even if the comparison does include health care costs from both countries, the US spends three times as much on health care per capita as most countries with nationalized health care. So that could account for the complete cost difference all by itself.
So... no, we're not overspending on education and wasting money. I'm sure there's plenty of corruption and waste to eliminate, and I support programs with that in mind. But it's dishonest to say we're just throwing good money after bad. We're not. We are not spending as much as the nations that are beating us in education.