Exactly. The utility of income is not linear. The first 10,000 dollars are much more useful than going from 190,000 to 200,000 a year. That's why the tax system has a progressive structure. If you want me to work 10%…
The exact opposite is true. With free college, more students from wider backgrounds could affort it. That would increase supply in college graduates while decreasing supply in workers of skilled trades. Thus, the latter…
Exactly. The utility of income is not linear. The first 10,000 dollars are much more useful than going from 190,000 to 200,000 a year. That's why the tax system has a progressive structure. If you want me to work 10%…
The exact opposite is true. With free college, more students from wider backgrounds could affort it. That would increase supply in college graduates while decreasing supply in workers of skilled trades. Thus, the latter…