For-Profit Colleges? Sure. Taxpayers Subsidizing Them? No.

The San Antonio Report recently reported that the Ready to Work job-training program will continue to pay for-profit colleges after the “collapse of coding bootcamp Codeup” last December.

First off, there is nothing wrong with for-profit schools (or for-profit anything, really; it’s where societal progress is born). But this is essentially corporate welfare since the taxpayer (or as San Antonio Report says, “RtW accepting the risks of subsidizing”) is footing the bill.

Moreover, it’s programs like this that drive tuition through the roof.

When entities know public bodies like City of San Antonio – Municipal Government will keep deceiving voters into approving this sort of programs, they know government will keep shoveling money to them. Hence, they raise prices, add excessive admin, create worthless courses and degree programs. It’s a vicious cycle that sets everyone back.

When graduates emerge with degrees and certificates, they’ll find more and more like them competing with them in the marketplace. And when these companies have more workers to choose from, they can pay them less.

All because government distorted market price signals, because politicians and bureaucrats think they know better.

Yay