An op-ed in today’s New York Times reiterates points we made in an earlier post: The high rate of college tuition debt is an ethical problem for the United States, in part because, as the editorial says,
the familiar assumption — graduate from college and prosperity will follow — has been disproved in this century. College-educated workers have not seen meaningful pay raises, and public policy has failed to address the stagnation.
The editorial goes on to paraphrase President Obama on ways to improve the situation:
Modernize infrastructure. Raise the minimum wage. Reverse the dynamics that increase executive pay and depress employee pay. Close tax loopholes that enrich the wealthy, and give tax breaks to families to help pay for child care. Ensure that women earn equal pay for equal work.
One must hope that our next president, and the congress with which she or he will have to contend, will act quickly and comprehensibly.
May 22, 2016
6:30 pm EST