Schools

The function of education is to teach one to think intensively and to think critically. Intelligence plus character - that is the goal of true education - Martin Luther King, Jr.

Schools

image by: Stockton Health Careers Academy High School
     

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The rising cost of education and health care is less troubling than believed


Among the compensations of ageing is the right to bore youngsters with stories of the prices of yesteryear. Once upon a time a ticket to the cinema cost just five quid, and a hogshead of mead but a farthing. Of course, savvier youths know how to debunk such tales. Adjust for inflation and many things are cheaper than ever. Since 1950 the real cost of new vehicles has fallen by half, that of new clothing by 75% and that of household appliances by 90%, even as quality has got better. Tumbling prices reflect decades of improvements in technology and productivity. But the effect is not economy-wide. Cars are cheaper, but car maintenance is more expensive, and costs in education and health…

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Last Updated : Monday, April 6, 2020