Oddbean

Gm nostriches. And yesterday we have the education minister (uk), after saying no fee increases, university tuition fees are being raised in line with inflation (1.9%), sorry kids but there are some other factors (also, don’t go to uni, learn some life skills and read some books instead). Since a freeze on tuition fees, prices compound so (actual) price inflation has not far off doubled (I know from my own wages or the amount of high rate tax), so a 1.9% increase is a drop in the bucket, add in the 1.5% employer national insurance rise. This is a world of pain for universities. Then add in that the government’s beady eyes will soon be focusing on whether unis are delivering value for money for students….. there are a lot of “education institutions” that will be running scared and managers looking to bleed the academics even more. And that is not even including all those universities that are already in functionally insolvent. #grownostr #fallofrome (maybe a touch hyperbolic, but something will crumble) Hey nostriches, we’re moving into the popcorn phase of the collapse, hold on tight. https://www.bbc.co.uk/news/articles/cy0gjyj4979o.amp