Comments by "Dan A" (@DanA-nl5uo) on "The Ring of Fire" channel.

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  48.  @danielsparrow3767  I graduated from a 2 year college in 96. The first semester my total bill living off campus was just over $2,000 in the fall of 94. In the spring of 96 my finial semester the bill was just under $6,000 yes it almost tripled in cost for the same college in the 2 years I attended with no explanation to why and the professors at that college where paid less then public high school teachers in the same city. Our college education system is definitely broken. No question about that. My grandfather was the first generation to go from a public education system that ended at 8th grade for his parents to one that ended at 12th grade. His parents recognized that in the early 1900s the skills needed to earn a living had changed and their commitment to their youth was to provide the education system with included those skills. The same was true 100 years later but our society doesn't feel the same commitment to our youth. Expanding public education to be a 16 year process is required to get the skills demanded by our modern society. However there is a free market solution that is also never discussed. Simply make college pay based on the results delivered to the students. That is what the free market claims in the goal. So in a free market system there should be a contract between the college and the student. If the student gets a certain GPA they fulfilled their side of the agreement and learned what the college was teaching. Maybe a 3.0 gpa. If the college education fails to provide a job in that field for the students who fulfilled their end of the agreement the students don't owe them anything for the education which wasn't able to lead to employment. That would end colleges creating bogus degrees in underwater basket weaving. The agreement would be x percentage of your salary for y years after you graduate. I don't know what the correct numbers would be but for the sake of discussion say 10 for both. Any college which can do better at placing their students in the work force will receive more reward for the better job they did education those students and the burden post graduation on the students would be based on the benefits the college provided getting them the skills they needed. Personally I am in favor of the first solution I think the society simply has an obligation to provide the skills our youth need to be functioning employees as adults and to earn a quality education. But if we want to believe we are caplistist we need to believe in regulated capitalism where the system is designed to protect the buyer. The service provider currently holds all the cards in our society. Education is a good example the college determines the cost of the education they determine what classes and skills are included in that education and then after the fact they simply expect the ignorant students (who signed the agreement to help end their ignorance ironically) are at fault for having gotten an education that doesn't provide the skills needed in our work force. That isn't a free market approach because the free market is suppose to have a check and ballance to avoid the seller explotinting the buyer. This is class warfare and my class is winning - Warren Buffett
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