Bloat Does Not Explain the Rising Cost of Education
If bloat doesn’t work, what is the explanation for higher costs in education? The explanation turns out to be simple: we are paying teachers (and faculty) more in real terms and we have hired more of them. It’s hard to get costs to fall when input prices and quantities are both rising and teachers are doing more or less the same job as in 1950.
Madison has long spent far more than most taxpayer supported K-12 school districts.
Yet, we have long tolerated disastrous reading results.
