As shown in Figure 1, the increases in the costs associated with Health and Education have consistently exceeded the overall cost of living during the period of observation (2000-2018). There are many consequences for the high cost of healthcare and education, not least of which are skipping expensive but necessary medical procedures, discouragement from pursuing career enhancing educational requirements, or resorting to educational loans with the potential for life-long financial consequences.
Figure 1: Increases in the Overall Cost of Living (CPI) Vs. Increases in the Costs of Healthcare and Education.
For this assignment focus on education.
1. What are the implications (including tradeoffs and effects) of the high cost of education on the human capital needs of the U.S. economy?
2. What policies would you recommend to rein in these costs or at least to slow down their rate of increase?
Scholarly source – per APA Guidelines, only scholarly sources should be used in assignments. For the assignment, reputable internet sources such as websites by government agencies (.gov) and respected organizations (.org) can be counted as scholarly sources. Outside sources do not include assigned required readings.
