> I would argue that if it costs $60,000, both your education system and the recruitment in those companies that require this degree are broken.
Meh, academic degrees don't come for free, someone has to pay for universities, staff and other expenses. In the US it's everyone for themselves by student loans that can't be discharged in bankruptcies, in Europe it's the tax payers.
The problem is, the ones profiting from the gatekeeping (aka employers) aren't the ones paying for it in either system. If employers had to pay, say, 10.000$ for each job listing that requires an academic degree without an actual valid reason, guess how fast that incentive would lead to employers not requiring academic degrees for paper-pusher bullshit jobs.
In a sense, it still comes down to supply and demand — if applicants, upon graduating, all requested to be reimbursed for, say, 25% of their tuition up front and to the university they graduated from, we'd end up with reduced salaries compared to just distributing those 25% to the new employee over a number a years.
But how do you get all students to agree with this in principle when someone is in more rush to start earning an income than others?
However, employers would then look to only hire from universities that do good teaching, so maybe it's a win-win?
No, only for jobs that claim to require higher education but do not. Basically, an "abuse tax" to reimburse the government (or the students) for having to spend money on something clearly not needed.
There is also nobody cares about low prices but you can brag about how exclusive you are with high prices. One univertity near me automatically gives everyone a 40% scholarship - which is to say they have inflated their sticker price.
Meh, academic degrees don't come for free, someone has to pay for universities, staff and other expenses. In the US it's everyone for themselves by student loans that can't be discharged in bankruptcies, in Europe it's the tax payers.
The problem is, the ones profiting from the gatekeeping (aka employers) aren't the ones paying for it in either system. If employers had to pay, say, 10.000$ for each job listing that requires an academic degree without an actual valid reason, guess how fast that incentive would lead to employers not requiring academic degrees for paper-pusher bullshit jobs.