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And now I make every argument @Jabaluck made about physicians making too much and adding to healthcare costs, only with professors adding to higher education costs (THREAD)
1/ Did you know the US pays more in tuition for college than any other country in the world?!?
2/ If you include Private Tuition like @jabaluck's illustrious @Yale , we're about at least 3x more than the next closest countries
3/ speaking of @Yale , did you know they charge 4.4x more in tuition ($53,430) than @UniofOxford ($12,138) Come on Yale..ya ain't 4.4x better than Oxford (who is about 600 years or so older, BTW)
4/ Student loans in US make up 1.4 Trillion! 54% of college attendees take on debt to finance education. https://www.investopedia.com/student-loan-debt-2019-statistics-and-outlook-4772007
5/ Here's student loan debt charted against other debt
6/ It's fueling College tuition inflation, which is insanely high
7/ In fact...college tuition inflation dwarfs even medical inflation in US...and not subtly
8/ why is this you ask? Well, there can only be one answer....college professors make TOO MUCH
9/ Median professor income at @yale is $180,000
10/ That, BTW is almost 3x the median rate at @UniofOxford. Average Professor at PSL in Paris makes about $53k comparatively, University of Toronto makes C$63k,
11/ US professors make 18x the world median salary...placing them at top 1% of the world!! https://news.gallup.com/poll/166211/worldwide-median-household-income-000.aspx
12/ They make more than 6 times!!! the median salary of a Cuban Lecturer in CUPs (which LOL are worthless anywhere outside of Cuba) http://www.salaryexplorer.com/salary-survey.php?loc=55&loctype=1&job=6259&jobtype=3
13/ At Yale, professors make up 20%! of the costs of expenses (that's more than doctors in US healthcare, BTW @Jabaluck ) It's obvious that paying professors less would flatten the outrageous US tuition curve. https://your.yale.edu/sites/default/files/fiscal-2020-public-budget-book.pdf
14/ We can lower the egregious US tuition curve by lowering US Professor salaries to similar to Oxford Professor salaries. If it's good enough for one of the world's oldest and best universities...it's good enough for our US professors
15/ now obviously I don't entirely believe this...but this is exactly how salary shaming and providing stats out of context work. I don't really think US professors make too much, nor that it's their fault that tuition is insanely inflated
16/ but casual, lazy arguments point costs at the face of certain institutions, rather than the real culprits (in medicine, rising insurance costs working in hand w/ hospitals lack of transparency, while in education it's student loans working in cahoots w/ institutions)
17/ If we really want to make things more fair, we have to address the real issue, not point fingers at the public avatar for out-of-control prices and inflation. Am I right, professors? --Fin
