Monday, April 28, 2014
Escape from New York
Higher education should not reinforce provincialism. I fully agree with reducing the debt burden on college students and new graduates. But cutting down their futures to what fits within the state lines is not the way to do it. If a new graduate with a great idea for a startup wants to escape from New York and find fortune in Palo Alto, let her. And if a nerdy kid from Rochester somehow meets and falls in love with a Jersey Girl, back off. Surely, somewhere, you can find a real problem to solve. Maybe you could start with SUNY’s appropriation...
Even if you just look at kids graduating and starting jobs, the economy is poor. As DD says, NY is finite. If the kid has a job opportunity out of state, but none in, is the student still "chasing the market"?
1. I've heard of programs like this for waiving medical or law school--particularly for agreeing to work in under-served rural areas (I.E. you can't just hang out in the city). This is not a terrible idea, though the issue is how well one could opt out (I.E. if you leave, do you get the FULL bill of tuition as loans or a reduced amount that would be what you would have paid with financial aid)?
2. As a native Wyomingite, I can attest to the fact that there's not much opportunity for most fields in my state. A large number of my friends moved down to Colorado to start their careers, because that's where pretty much all the economy is. This isn't so much chasing the market as going with the only available options.
2a. Though as a side comment, some trustees at UW are trying to make it a mere state college to serve the mining and agriculture interests of the state, to which *grumble grumble*.
So unless they know something I don't, I have to imagine this is simply a way of providing the appearance of opportunities to a country that is no longer willing to accept tax schemes that facilitate a middle class.
Anecdotes are not a basis for policy making, but I wonder if this guy has a clue about the unintended consequences of his proposal?
The thing is, once you look at the proposal, the merits of just spending the money and not trying to get it back become so clear that everyone shuffles their feet and clears their throats and gets back to trying to destroy the broad-based prosperity of the New Deal.