Economic policy reports, blog postings, and media stories of interest:
Michael Greenstone and Adam Looney of The Brookings Institution estimate that it will take 2.5 years for the unemployment rate to fall to 6.5 percent, assuming the current rate of growth holds.
Economic policy reports, blog postings, and media stories of interest:
Mike Konczal raises some important questions regarding the future of online higher education.
This is why the debate about the actual quality of online education is important. Online education can succeed not by providing a better service at a cheaper price, but instead by just providing “access” if public education slowly becomes unavailable. If there’s no public option, then the quality issue becomes moot – then it is just about providing the now missing access to meet the large demand our country has for higher-level education.
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Also watch for when online education boosters make an argument of higher education decline rather than online success. They do a rhetorical move to argue that the problems in the non-profit private education institutions extend to public ones. Kevin Carey, for instance, argues that “college spending is the driving force behind affordability or lack thereof in the long run” before noting several paragraphs later that “Inflation-adjusted per-student spending at private research universities, in particular, increased sharply.” He quickly notes that “private universities set the aspirational standards for the industry as a whole,” but public higher education cost inflation is driven mostly by declining public support, not a competitive war with private schools.
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As Josh Mason pointed out, this is the equivalent of saying that since the private savings vehicle of 401(k)s have turned out to be a bit of a bust, we should scale back the public retirement vehicle of Social Security. …
Wonkblog graphs the potential tax increases for different income groups that would occur under various “fiscal cliff scenarios.”
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