College costs. When taking inflation into account, the minimum wage in 2015 was the same as in 1949. The global glut of money comes to college football.
Why the cost of higher education has spiraled out of control (Scott Galloway)
A good old fashioned skewering (with many valid points) of the college system from one of its own. Good thing Scott has tenure.
Generational Reset of Minimum Wage (The Big Picture)
Whether this bout of inflation is temporary or here to stay will depend on if the boost in low end wages is a one-time event or becomes more frequent.
The money that changed hands for Virginia Tech’s coaching change seems quaint by comparison.