College Inefficiencies and MonopoliesPosted: May 24, 2009
In the US, if you do not have a high school diploma, or an equivalent, you are pretty much economically dead. Even with it, almost everybody else has it, so it doesn’t add much to a competition, such as obtaining a job when you are one of many applicants. Thus, to be more competitive, people are usually told to go to college, and earn a degree. Some jobs require a specific college degree to even do it!
Unfortunately, government has a hand in the education system, and a pretty strong one at that. It can mandate that to do a job, such as being a dentist, doctor, or a teacher, one must continue their education in an academic setting for 4 to 8 more years, and pile on any debts that are obtained from that. You litterally will not be able to do certain jobs without being stuck in college. Colleges now have a monopoly on the path towards getting a certain position.
Since certification can not be done any other way, whatever controls the colleges, controls those positions. Usually, government has a strong hand in college affairs, and as such, can make things harder for one type of people, and easier for another. They also have control over many prices. That limit that was raised by the Washougal Gov’n is but one example.
So, these monopolies and government controls…do they help the system? Rarely. If you want to be a teacher, you have to expect a good amount of debt in your life, and a below average salary. If you are trying to run a college, you are at the mercy of the government when it comes to many factors.