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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    Paul Graham‏Verified account @paulg 15 Mar 2015

    No university president feels responsible for making college cost so much, because all did it in sync. Like a firing squad.

    7:30 PM - 15 Mar 2015
    • 323 Retweets
    • 430 Likes
    • Aman Brar 😎 karan goel 🐭 don't be a jerk 🤔 Dillon Forrest Albert Berk Toledo gregory_kramer disAPPitchfork John Chalekson (HedgeFund Ghost)™📈 Jon Khaykin 💻 llwry
    40 replies 323 retweets 430 likes
      1. New conversation
      2. Adam‏ @Khanoisseur 16 Mar 2015
        Replying to @paulg

        Every kid about to choose a college should read @FrankBruni's 'Where You Go Is Not Who You'll Be' @paulg @pmarcapic.twitter.com/qXXqpjvLyQ

        28 replies 254 retweets 320 likes
      3. Paul Graham‏Verified account @paulg 16 Mar 2015
        Replying to @Khanoisseur

        @Khanoisseur We observed something similar at YC: http://paulgraham.com/colleges.html 

        0 replies 3 retweets 16 likes
      4. End of conversation
      1. New conversation
      2. Chris Dixon‏Verified account @cdixon 15 Mar 2015
        Replying to @paulg

        @paulg http://en.wikipedia.org/wiki/Baumol%27s_cost_disease …

        7 replies 6 retweets 36 likes
      3. Harry Heymann‏ @harryh 15 Mar 2015
        Replying to @cdixon

        @cdixon @paulg Certainly a factor, but how much of university tuitions are driven by professor salaries? Not that much I bet.

        3 replies 0 retweets 2 likes
      4. Chris Dixon‏Verified account @cdixon 15 Mar 2015
        Replying to @harryh

        @harryh @paulg you see the exact same inflationary trend in every industry not affected by IT/globalization/manufacturing efficiencies.

        2 replies 8 retweets 20 likes
      5. Harry Heymann‏ @harryh 15 Mar 2015
        Replying to @cdixon

        @cdixon @paulg College does seem special though both with highly differentiated producers + very accurate price discrimination.

        1 reply 0 retweets 1 like
      6. Chris Dixon‏Verified account @cdixon 15 Mar 2015
        Replying to @harryh

        @harryh @paulg government data on inflation is very interesting - best indicator of where innovation is needed. http://www.bea.gov/iTable/iTable.cfm?reqid=9&step=3&isuri=1&904=2006&903=69&906=q&905=2013&910=x&911=1#reqid=9&step=3&isuri=1&904=2006&903=69&906=q&905=2013&910=x&911=1 …

        2 replies 14 retweets 51 likes
      7. John Keltz‏ @keltz_ 18 Mar 2015
        Replying to @cdixon

        .@cdixon @pmarca great chart! You inspired me to graph the same data: http://numbersbox.blogspot.com/2015/03/price-changes-in-consumer-products-tech.html …pic.twitter.com/Y0UdXlKta4

        4 replies 54 retweets 73 likes
      8. 1 more reply
      1. New conversation
      2. Steven Sinofsky‏Verified account @stevesi 15 Mar 2015
        Replying to @paulg

        @paulg something happened in the 80s. Since then rise in costs and non teaching faculty.pic.twitter.com/Id5JordTeg

        7 replies 7 retweets 8 likes
      3. Paul Graham‏Verified account @paulg 15 Mar 2015
        Replying to @stevesi

        Paul Graham Retweeted Mark J. Perry

        @stevesi That is very clear from this graph:https://twitter.com/Mark_J_Perry/status/576890867014889473 …

        Paul Graham added,

        Mark J. PerryVerified account @Mark_J_Perry
        The Increasing Unaffordability of College Measured in Hours of Work at the Average Wage @instapundit Higher Ed Bubble pic.twitter.com/6LvNomcIyZ
        3 replies 2 retweets 6 likes
      4. Steven Sinofsky‏Verified account @stevesi 15 Mar 2015
        Replying to @paulg

        @paulg believe the theory is a supply demand shift due to start of Gen X.

        1 reply 0 retweets 4 likes
      5. Paul Graham‏Verified account @paulg 15 Mar 2015
        Replying to @stevesi

        @stevesi How can e.g. Harvard as an institution feel the difference between a demand/supply ratio of 10 and one of 15?

        4 replies 1 retweet 5 likes
      6. Steven Sinofsky‏Verified account @stevesi 15 Mar 2015
        Replying to @paulg

        @paulg Admission rates are now 1/2 to 1/3rd what they were in 1980 at elite schools. ==> charge more to attend (though use fin aid more too)

        3 replies 0 retweets 1 like
      7. Gabriel Fishman‏ @gabrieljfishman 15 Mar 2015
        Replying to @stevesi

        @stevesi @paulg state funding of public 4-year schools dropped as costs rose, See page 21-22 here: http://www.treasury.gov/connect/blog/Documents/20121212_Economics%20of%20Higher%20Ed_vFINAL.pdf …

        1 reply 1 retweet 2 likes
      8. Steven Sinofsky‏Verified account @stevesi 15 Mar 2015
        Replying to @gabrieljfishman

        @gabrieljfishman @paulg Many universities claimed non-linear expenses wrt to growth. Selective school class size hasn't grown (supply!)

        1 reply 1 retweet 1 like
      9. Leigh Honeywell‏Verified account @hypatiadotca 15 Mar 2015
        Replying to @stevesi

        @stevesi @gabrieljfishman read somewhere that 1/3 of for-profit revenue goes to marketing. For profits definitely driving much of that incr

        1 reply 1 retweet 2 likes
      10. 6 more replies
      1. New conversation
      2. Craig Montuori‏ @craig_montuori 16 Mar 2015
        Replying to @paulg

        @paulg @kimmaicutler studied this a bit at Caltech. Top University Prez incentivized by capital fundraising projects....

        2 replies 0 retweets 1 like
      3. Craig Montuori‏ @craig_montuori 16 Mar 2015
        Replying to @craig_montuori

        @paulg @kimmaicutler Donors tie tuition to value/implicit ranking. Higher tuition, higher relative ranking, more successful fundraising...

        1 reply 0 retweets 1 like
      4. Craig Montuori‏ @craig_montuori 16 Mar 2015
        Replying to @craig_montuori

        @paulg @kimmaicutler Ultimately leads to a more "successful" Univ. President. Lower tier schools follow the higher tier ones' lead

        1 reply 0 retweets 1 like
      5. Craig Montuori‏ @craig_montuori 16 Mar 2015
        Replying to @craig_montuori

        @paulg @kimmaicutler Further context is progressive nature of tuition hikes, as initially most students saw tuition hikes matched by grant..

        1 reply 0 retweets 1 like
      6. Craig Montuori‏ @craig_montuori 16 Mar 2015
        Replying to @craig_montuori

        @paulg @kimmaicutler increases, but modern tuition hikes are paired with loan hikes.

        0 replies 0 retweets 1 like
      7. End of conversation

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