Buckaroo Banzai

A member of the Philip Greenspun's Homepage community since July 5, 2016

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July 5, 2016, on Tuition-free MIT:
I graduated from MIT 40 years ago. Still not quite sure why they let me in. I remember the Annual 'Spontaneous' Tuition Riot and the chant of "$3250 too damn much." Tuition is now 14 times what it was when I started there. A good entry-level salary back then was about $15K. If things properly scaled, an entry-level engineering salary would be over $200K today and a late-career salary should be at least twice that. Tuition costs have escalated at about four times the rate of salary. The number of companies actually building things in this country has dropped like a rock and foreign graduate students outnumber US natives many-to-one. All in all, I suspect I would have been happier and more successful as a plumber.