Target: Sidney Taurel, Board Director and Chairman of Pearson Textbook Publishing
Goal: Demand that textbook publishers stop stealing from students.
Pearson and McGraw-Hill Education have taken their oligopoly market power too far and have raised textbook prices to ridiculous and greedy levels. The publishers are two of the most widely used throughout K-12 and higher education. However, they are not interested in providing information to students but, rather, are seeking to make even bigger profits than they already make from high textbook prices.
According to the Bureau of Labor Statistics, textbook prices have risen 800 percent over the last 30 years. That’s more than medical services, home prices, and general consumer spending. McGraw-Hill educations has profits of over 25 percent. In fact, Pearson, finding that students just simply cannot afford the textbook prices without loans, has gone on to steal from libraries. Yes, they are still raising prices, making it harder for libraries to provide a wide range of book titles for free.
In addition to print versions, some textbooks have a required online component, many of which cost upwards of $60 for each access code. In the UK, Pearson attempted to raise the price of e-textbooks 100 times their original prices. That’s a 10,000 percent increase. UK University students revolted and Pearson was forced to back down.
Together we can demand that they back down again to more fair and affordable textbook prices. Luckily for students, buying new textbooks isn’t the only resource offered to obtain required reading materials. Sign the petition to tell greedy textbook publishers to stop inflating the prices of their textbooks. We must stand up against corrupt and unfair producers. Demand that Pearson and McGraw-Hill Education lower their textbook prices and stop stealing from students.
Dear Chairman Taurel,
As students find it harder and harder to pay for their education, powerful publishers could be making it easier to pay for required course materials by lowering the price of textbooks. This, however, is not the case and students around the world have had enough of the textbook prices increasing. Students are being forced to pull out more loans to be able to buy textbooks priced at hundreds of dollars each. According to the Bureau of Labor Statistics, textbook prices have risen 800 percent over the last 30 years.
This abuse of market power that puts the economic burden on the backs of students and K-12 school districts will no longer be tolerated. We demand that textbook prices not only stop increasing, but also be reduced to affordable and fair levels. We demand that you lower textbook prices to make education more affordable for all.
[Your Name Here]
Photo Credit: John Brecher