Inflation has been all but non-existent during the Obama Years, yet you wouldn’t know that looking at the increase of College/University Tuition at the State Level, especially in California. Students are told in High School that college is mandatory to have a fruitful life and live in the elusive middle class, and are told to go into debt to get that degree (more like economic enslavement) with no guarantee. Most of the college professors and administrators are in the 2%, no not the 1% but well ahead of what their students should ever expect to get to. Let’s talk, because the academic bubble is still building and its about to pop – things have gotten way out of hand.
There was a rather troubling segment on ABC News Affiliate in Los Angeles (Eyewitness News 7) recently titled: “CSU Trustees Vote to Raise Tuition by 5% Amid Protest From Students” on March 22, 2017.
First, I’d like to point out that the education hasn’t gotten any better at the California State University System, by all measures and accounts it has gotten worse. Degreed Students are valued less in the marketplace, as employers realize their education isn’t as good, and that those degrees don’t predict the students will be productive employees or even have a clue as to what they are doing.
Most professors, especially tenured professors are not teaching in the classroom much, as they spend lots of time on sabbaticals, and have grad students lecturing now. The increased costs of the university has to do with legacy costs (Pensions) and increase healthcare Cadillac Style Health Care Programs for staff and professors. Although their pension fund is not as bad as the University of California System which highly underfunded, it isn’t breaking any records either – this Trump Bump in the stock market recently has saved their asses (temporarily) if you’d like to know the true skinny on that.
It’s time to face facts – The CSU system (California State University) is broken, academia is broken close the damn universities who give degrees in Gender Studies, Sustainability, Ethnic Equality, LBGT Studies – those kids aren’t going to get work to ever pay off those student loans – academia is on drugs by any rational observable standard – worthless – totally worthless surviving off of Federal Research Grants and Taxpayers and extortion tuition, subsidies and socialist agendas. Some at our think tank online, to put it quite bluntly, say; “To hell with all of it, it’s just BS now,” and I believe these think tank members are absolutely correct.
Why the 5% increase in tuition when enrollment is at an all-time high? Why the increase in tuition without increased benefits? The degrees aren’t worth any more than they were last year, in fact they are worth less now. The California State University System is out-of-control just like the University of California System is, and academia across the country is with student loan debt hovering at 1.4 Trillion Dollars, 45% of those loans have never made a single payment or are 90-days overdue. The academic industrial complex is a giant bubble about to burst, and what does the CSU system do? Raise tuition? Oh, well that’s just going to help a lot lot… NOT!