Germany has government funded education throughout. It’s still regressive! They stream people into either working class tracks (hauptschule and realschule) or academic (gymnasium). In effect, this means working class students have far less opportunity to go to university in Germany than they do in the US, despite the latter’s problems with affordability.
Friedman would go 100% the other way and abolish public schools entirely, along with abolishing the minimum wage, subsidies for universities, subsidies for business, and tariffs. His argument is that the minimum wage puts a floor on the productivity of a worker which means many people who could be hired at a lower wage and be trained on the job instead do not get hired at all and have to pay for their own training through school (either directly with tuition or indirectly through taxes).
The current system ends up creating large classes of people who get an education in subject matter that’s totally irrelevant to their career (like someone studying sociology in order to work in HR). Why should we, as taxpayers, be paying for this? Employers should be paying to train their own workers on the job!
Germany has government funded education throughout. It’s still regressive! They stream people into either working class tracks (hauptschule and realschule) or academic (gymnasium). In effect, this means working class students have far less opportunity to go to university in Germany than they do in the US, despite the latter’s problems with affordability.
Friedman would go 100% the other way and abolish public schools entirely, along with abolishing the minimum wage, subsidies for universities, subsidies for business, and tariffs. His argument is that the minimum wage puts a floor on the productivity of a worker which means many people who could be hired at a lower wage and be trained on the job instead do not get hired at all and have to pay for their own training through school (either directly with tuition or indirectly through taxes).
The current system ends up creating large classes of people who get an education in subject matter that’s totally irrelevant to their career (like someone studying sociology in order to work in HR). Why should we, as taxpayers, be paying for this? Employers should be paying to train their own workers on the job!