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The study initially stated that there was "no consensus on how Grade Inflation is defined ... I will define GI as an increase in grades in one or more academic departments over time". [51] From 1988/89 to 2006/07 it was determined that there had been an 11.02% increase in undergraduate A grades, with the rate of increase being 0.656% per year. [51]
The rapid increase (60% from in the last decade) in student enrolment in Ontario universities has not been met in similar increase of university professors (28% increase in the same time span) resulting in a student-to-faculty ratio of 26:1, which is much higher than the national average. [86]
For years now, private college tuition has risen significantly faster than inflation, a fact that colleges have used a fancy economics theory called Baumol's Law to explain away. Unfortunately for ...
Prior to 1975, the Bank of Canada had warned the government about the dangers of the current inflation which was roughly 10% per year. In response, the government introduced Bill C-73, the precursor to the Act, to the Parliament of Canada. [citation needed] Previously, Pierre Trudeau had mocked the idea in the 1974 Canadian federal election.
Baumol noted that the increase in costs "disproportionally affects the poor". [4] Although a person's income may increase over time, and the affordability of manufactured goods may increase too, the price increases in industries subject to the Baumol effect can be larger than the increase in many workers' wages (see chart above, note average ...
According to the National Restaurant Association, beef prices have risen almost 20% since August 2007 and are poised to go up another 5% to 8% over the next year. Part of this inflation is due ...
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One explanation posits that tuition increases simply reflect the increasing costs of producing higher education due to its high dependence upon skilled labor.According to the theory of the Baumol effect, a general economic trend is that productivity in service industries has lagged that in goods-producing industries, and the increase in higher education costs is simply a reflection of this ...