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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

The market sets how much you pay for that education, and how much the professor gets paid for providing that education. If you don't think the university is worth $75k a year, you won't send your kids there, right? If the professor's labor is worth more than $3-5k per course, the university would pay more than that, right? How much is a gallon of water worth to you right now? I agree that our education system is wasteful and has incorrect priorities, I STRONGLY agree with this observation. However, this did not arise out of lack value placed on education. Similarly, the fact that bottle water sells for more than gasoline yet costs so little at the source isn't because of how little we value water. 
[/quote]

NP. I read that PP's point was that it's clear we don't value education as a society because that money is not going to professors. It's going to the "brand." It's not the education that matters to people, it's the name on the diploma, similar to the name on a pair of jeans or the logo on a car.[/quote]

And my point is that this is clearly hogwash because the value we place in something is *NOT* strictly correlated with what we pay for it. Again I use the water analogy: it is extremely valuable as without it we all would die. But water is in ready supply so even the bottled stuff is pretty affordable. Education is very valuable, without it we would regress as a civilization, but because educators are in such abundant supply, they are paid very little for providing education services. Again, how much we pay professors is not strictly correlated with the value of education since the market is so overly saturated in terms of provider-to-consumer ratio. [/quote]

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