hc12345

As prices for college go up, the student is more of a customer than anything, and therefore the pressure to raise grades goes up. Who is going to go to a college where people tend to need an extra year to graduate, when each year is 60k? Or one where only the top 5% of a class gets a top grade?

You are already seeing grade inflation in the UK too: Go look at the percentage of first class degrees over time.

The only place where a modern US university can be used as a filter is in their own admissions, where they can still be pretty stringent. Harvard could fill their class 6 times with people that are basically indistinguishable from their freshman class, so just getting into the right university already shows that you must have had some skill and maturity by the time you were a junior in high school.

This is also why hiring juniors is so difficult nowadays for software: Having successfully finished a CS degree at most universities says nothing about your ability to write any code at all, or analyze any complex situation. And with the advent of leetcode training, it's not as if you can now tell who happens to be good because they remember their algorithms and data structure classes really well. You have no idea of how good the new grad is going to be when they show to the interview, and even those that pass might not be all that great in practice, as they might just have spent 3 months memorizing interview questions like an automaton.

Most of the world has severed the two. A lot of what you'd consider key parts of the university experience just doesn't exist in most of Europe or the highly developed parts of Asia. In practice, it's attaching job training to a very, very expensive resort, regardless of who is paying for it. It's pretty nice, in the very same sense that spending 4 years in a beach resort ls also great, but one needs to be absurdly wealthy to choose this model if an equivalent was available without all the features that most of the world has abandoned. The US system would already have been in trouble years ago if it didn't have a government license for being the safest, more reliable way to immigrate into the US. Get rid of the F1 practical training to work visa pipeline, and see many US institutions in serious economic trouble. We can keep trying to keep it working as-is by pushing other people's money into the expensive vacation environment, but without major subsidies, we are already seeing more people realize that the risks are way too high when you have to get loans to attend. There is no idealism separate from economic incentive in institutions that charge 60K per year, plus often a whole lot more for mandatory on-campus housing, without financial aid.

But as it's normal with failing institutions, they'll be extended, kicking and screaming, until they completely collapse instead of reform, like almost every other country in the world already has.

The intermediary in healthcare makes a significant difference, as, by going through employers and using insurance, the US market is quite fragmented, and there is minimal alignment pushing prices down. The US healthcare provider doesn't get more business by providing a better cost/benefit ratio: It's easier to splurge, and get business via an expensive, comfortable-ish service.

When one then compares US facilities to foreign ones, it's trivially easy to see that many parts of the system just look different, which comes from the perverse incentives of going through employers that aren't big enough to actually push down on providers' prices at all. Both truly private, low insurance systems and universal healthcare systems end up having much better incentives, and therefore lower prices, regardless of who is paying for them.

We get something similar when you compare US universities to those in Continental Europe. It's clear that over there, the finishing school component is so vestigial as to be practically invisible, whole the focus is a filtering mechanism that attempts to teach something. Go look at, say, Spain's universities and see how many open electives are there, or how many university-wide general requirements exist (0). Each degree is basically an independent unit, and chances are you'll never visit a building from a different school. Undeclared majors? Nope. Significant number of students living on campus? Nope. Sports teams, offering scholarships? Nothing of the sort. This also leads to much lower prices to the school itself, regardless of whether it's all paid by taxes or students.