Ac,
I went to a private school and 99% of the students came from working class families.
A few of them became employers in a small way, two of us became soldiers and later tradesmen, of the rest of my class two became teachers and two became Marist Brothers/teachers, the rest were workers.
This break down of students careers is fairly typical of most private schools, only the Greater Public Schools would possibly fit your criteria.

...private school and 99% of the students came from working class families.
is Mise,
In our area 99% of kids from all indigenous families go to private schools free with pocket money provided, non-indigenous working class kids families have to pay.

Armchair,
>"If the cost of business goes up 8%, why would they have to raise their prices nearly double that?"
>It's called 'markup', maintaining a certain amount of profit, based on your costs.
>I'm sure you know about PE ratios and ROI far better than me Aiden.

It appears I really do!

If the cost of business goes up 8% and your prices go up 15% to maintain the same profit level, it means your profits are nearly double your costs. Indeed probably more than double, as some business costs are already sunk.

So rather than HAVING TO raise prices by 15%, the business is only using rising costs as an excuse to further boost its profits by charging the customers more.

>People pay a fortune sending their kids to private schools so that they don't have to do that when they grow up,
Few do in my state, and nobody should have to. But the governments of the eastern states seem to have found that there's a federal incentive for them to provide substandard education!

>but we don't really teach or prepare our kids to be entrepreneurs, that's outside the system, it doesn't serve it.
I really don't get your serving the system hypothesis. ISTM globalization would destroy the gains that those in power would otherwise make from it.

In any case to keep the same % of profit, the same PE and the same ROI the cost of goods and services has to go up MORE than the wage cost.
Then there's other factors as well like fuel and electricity, it's not just wage costs but also transport and energy costs.

Don't expect things to get any cheaper, that's for sure.

You simply can not narrow the gap of inequality by making it wider ! That's what Public Service salaries do in comparison to industry wages !