Jul 7, 2026 · 52 min · 10 segments
*(Originally aired 6/24/2025)* One in five workers in the United States was born in another country. Without them, the country’s prime-age workforce would be shrinking, and thus so would our economy…
Kathryn Anne EdwardsHostRobin RauziHostI have a student loan Rec Con courtesy of PhD friends who like to tell you after you've recorded and broadcast your opinion on a subject the economics research that you didn't include.
I love this person in particular so much, and what they brought up, when we talked about student loans, we talked about something called first degree price discrimination, which is where colleges basically charge you whatever they think they can get away with-
And what she pointed out was that there is evidence to show that this price discrimination can really benefit people, and in particular, there is a competition between schools for recruiting the students.
If you are a student who is, like, a high-achieving student from a state with a good and cheap public school, you are one of the, like, types that benefits most from price discrimination because private schools have to lower their price a ton to get you to come there.
So that type of bargaining does end up working in students' favor and can get a lot of high-achieving kids into, you know, high-value private schools, high value in quotations, at lower costs.
Um, and that this is something that people have studied the market effects of.
I think, you know, a lot of people don't realize that, that... and, and don't think that they can afford private schools where, like you say, if they're pretty high academic achievers, they actually have more, more market power-
I have a student loan Rec Con courtesy of PhD friends who like to tell you after you've recorded and broadcast your opinion on a subject the economics research that you didn't include.
I love this person in particular so much, and what they brought up, when we talked about student loans, we talked about something called first degree price discrimination, which is where colleges basically charge you whatever they think they can get away with-
And what she pointed out was that there is evidence to show that this price discrimination can really benefit people, and in particular, there is a competition between schools for recruiting the students.
If you are a student who is, like, a high-achieving student from a state with a good and cheap public school, you are one of the, like, types that benefits most from price discrimination because private schools have to lower their price a ton to get you to come there.
So that type of bargaining does end up working in students' favor and can get a lot of high-achieving kids into, you know, high-value private schools, high value in quotations, at lower costs.
Um, and that this is something that people have studied the market effects of.
I think, you know, a lot of people don't realize that, that... and, and don't think that they can afford private schools where, like you say, if they're pretty high academic achievers, they actually have more, more market power-
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