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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& #39;s illustrious @Yale , we& #39;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& #39;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">https://www.investopedia.com/student-l...
5/ Here& #39;s student loan debt charted against other debt
6/ It& #39;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">https://news.gallup.com/poll/1662...
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">https://www.salaryexplorer.com/salary-su...
13/ At Yale, professors make up 20%! of the costs of expenses (that& #39;s more than doctors in US healthcare, BTW @Jabaluck ) It& #39;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">https://your.yale.edu/sites/def...
14/ We can lower the egregious US tuition curve by lowering US Professor salaries to similar to Oxford Professor salaries. If it& #39;s good enough for one of the world& #39;s oldest and best universities...it& #39;s good enough for our US professors
15/ now obviously I don& #39;t entirely believe this...but this is exactly how salary shaming and providing stats out of context work. I don& #39;t really think US professors make too much, nor that it& #39;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& #39;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
