So you want a private companies making profits from the government trough? Companies that will put profit over community. That may or may not pay living wages to their employees. That will close schools if they’re no longer profitable. That will be accountable to shareholders instead of the people in the community.
Public schools are far, far from perfect. But if you look at what profit-driven charter schools have done to destabilize communities, especially poor ones, after they’ve taken over the neighborhood public schools and then pulled out in search of more/easier money, it’s atrocious. LA Unified is coping with a mess created when a handful of charters announced they were closing in the middle of the school year and dumped a couple of thousand kids back into public schools in a massive budget-cuts year. Bussing. School site staffing. Even food services has all been struggling to cope with it. Even the worst superintendant in the worst school didtrict doesn’t announce, “We’re not making enough from this community. We’re moving to Scotsdale.”
The education of children should not be controlled by profit-driven people. Eli Broad can keep his McAcademies.
The failure of “public” education is because there are “no profits.” The philosophy of socialism is** failure**. The creed of socialism is** ignorance.
The gospel of socialism is envy.** What we have in government is very high prices and an educational system that is both inefficient and ineffective. That is also true for all monopolies. ** If you ignore the laws of economics, you are doomed to failure!**
Supply and Demand: An all-purpose tool to answer any economic question
If I paid you $5.00 per hour, how many hours would you work per week? What if I paid you $50 per hour, how many hours would you work? How about $500/hr.? The law of supply says you would work more hours at $500/hr. than at $50/hr and you would work more hours at $50/hr. than at $5/hr.
A research firm conducted a survey to identify labor shortages in Northern New York. Among other things, the firm asked employers to list their job openings, their starting wages, and if the openings were difficult to fill. Nurses, for example, were in short supply in Northern New York, as in most areas of the U.S. Our survey found that employers who paid nurses less than $15 per hour had a difficult time filling their openings, while employers who paid more than $15 had no difficulty. Typically, employers who paid higher wages had less difficulty filling their job openings than employers who paid lower wages. Of course, no one needs a survey to tell them that --it’s plain common sense, but it does support the law of supply. Finally, note that the supply curve is upward sloping.
Markets are not always in equilibrium. Sometimes there are shortages and surpluses. When there is a shortage, prices rise; when there is a surplus prices fall. For example, after the attack on the World Trade Towers, hotels in New York City had a surplus of rooms. Why a surplus? People were afraid to travel and cancelled their reservations. To eliminate a surplus, hotels and other businesses who cater to travelers reduce prices, which induces travelers (demanders) to buy more of their services. After the surplus is gone, the market moves to a new equilibrium.
The minimum wage is a price floor. Currently, employers may not pay wages lower than $5.15 per hour for most jobs. This floor has little effect on the overall job market because the average hourly wage in the U.S. is over $14 per hour. Price floors can create surpluses if the floor is above the market’s equilibrium price (where supply and demand intersect). (The market equilibrium wage (or price) is also known as the market clearing wage (or price).) Imagine what would happen if the minimum wage was raised to $500 per hour. Almost everyone would be willing to work long hours, but employers would hire few workers. Consequently, a large surplus of labor would arise. Now imagine what would happen if the government imposed a maximum wage law on overtime hours – a wage (price) ceiling. For instance, if the wage for overtime was restricted to no more
than $1.00 per hour, scarcely anyone would work overtime, but employers would beg for workers at $1.00/hr. Consequently, a large shortage of overtime workers would arise.