I think this answer is starting to be different today - and surely will be by the time our kids are college age, no?
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Sadly I think you're right. Educational credentials are going the way of SF housing. Olds defend the value of theirs. Keeps getting harder for youngs.
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Replying to @antoniogm @NadimHossain and
I feel like there should be some quid pro quo on endowment tax exemptions in exchange for pressure to increase educational access. I feel like the highest-performing endowments de facto contribute to Baumol's cost disease for every other institution in the U.S.
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Also, Antonio. Merit or meritocracy is... um... well, the term was originally created as a satirical term in the late 1950s to describe a nouveau class-based system in the U.K. that rationalized itself differently than the old aristocratic system, but was essentially the same.
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