Some Universities Are About to Be “Walking Dead” | Amanpour and Company
HTML-код
- Опубликовано: 21 июл 2024
- If you’re on a waiting list for an elite top tier university, you might be getting a call this year. That’s the prediction from NYU professor Scott Galloway. He’s the host of a new show on Vice called “No Mercy, No Malice,” which pulls back the curtain on the decisions and players driving America’s economy. He joins Hari Sreenivasan to explain why this might be a good chance to take a gap year.
Originally aired on May 25, 2020.
..........................................................................................................................
Subscribe to the Amanpour and Company. channel here: bit.ly/2EMIkTJ
For more from Amanpour and Company, including full episodes, click here: to.pbs.org/2NBFpjf
Like Amanpour and Company on Facebook: bit.ly/2HNx3EF
Follow Amanpour and Company on Twitter: bit.ly/2HLpjTI
Watch Amanpour and Company weekdays on PBS (check local listings).
Amanpour and Company features wide-ranging, in-depth conversations with global thought leaders and cultural influencers on the issues and trends impacting the world each day, from politics, business and technology to arts, science and sports. Christiane Amanpour leads the conversation on global and domestic news from London with contributions by prominent journalists Walter Isaacson, Michel Martin, Alicia Menendez and Hari Sreenivasan from the Tisch WNET Studios at Lincoln Center in New York City.
#amanpourpbs
When the football coach is the highest paid state employee then the entire system is corrupt.
Not all college football coaches are paid from the university. Alumni pay their salaries.
paul best No college degreed individual should have to start their career at minimum wage. No other profession does that stupid shit. Teachers should easily make as much as a dentist.
Old time Hockey It doesn’t matter who writes the check, if the football coach is the highest paid staff member then the entire system is corrupt. Most big college alumni associations are corrupt already, because it’s all about MONEY.
Scott Baxendale Scott. That’s not corruption. There is nothing dishonest or fraudulent about a contract between a college football coach and those in the private sector willing to pay their salary. If Mac Brown’s salary was paid for out of the students tuition without them knowing about it then it would be corrupt.
Why?A successful football program puts a university on the map. Leaving aside the question of what part of the Great Lakes and Upper Mississippi Valley region the states of Maryland and New Jersey might be found in, what is the value of Big Ten membership to Rutgers (the state university of New Jersey) and the University of Maryland. In fact, it is almost incalculable. Parity with the great state research universities. Billions in research grants and research contracts. Increased undergraduate and graduate school applications. Believe me, for all of these benefits, the price of a top tier football coach is nothing.
“We have priced ourselves out of anything resembling a social good”
Maybe if they took the emphasis off "social good" and actually offered educational value to individuals they might survive.
well put
like Health Care, College Education, prescription medicine...
@@bobleglob162 Social Good is a left-wing soundbite.
99% of everything of importance that I have learned was NOT in any school system.
Me too, but I never made it to the good ones.
Fact!
90-95 percent closer.
Didn't you learn how to read and write in the school system? Weren't those the foundational building blocks of your future lifelong learning process?
It shows.
Dr. Galloway talks about money like a grownup. Apparently that annoys some academics.
Zoom makes it harder for leftist profs to indoctrinate.
@@michaelcap9550 Not really.
He is pointing out the reality that the others don't want to face because it threatens their privileged position.
Not mention he is so sexy 🤤
Michael Cap rather that than be a POS alt right
it should be a crime against universities that are wealthy and charge soooo much money for nothing
Well it's the government who runs them now..they fucked up a gas can...want them to go back to quality..got to get the government out of it
Then don't attend. It is all about student supply and demand---and this is an overbuilt industry. As in all things, educated choice is key before making an education purchase.
ya pay extra for a Porsche. Ya don't look esquire in the equivalent Volkswagon.
@@walkerpublications4418 Supply and demand don't work when all of the supply is matching each others prices, there is demand for education no matter the price and without price competition the capitalist model falls apart. Monopoly and price controlling should be illegal, and this is a time when the government needs to step in
Depriving idiots of their money should never be a crime.
Good. College debt has destroyed financial prosperity for millions. Time they get a taste of their own medicine
Who is they? Universities are not malicious sentient entities. Their boards may have to accept bankruptcy but even then those decision making individuals will remain wealthy while thousands upon thousands of university employees lose their livelihoods.
Interesting point - when the student loan business became guaranteed by the government college costs soared (I wonder if any other industry experienced this phenomenon? An exercise for the student. lol). What about the courses colleges are teaching? Whole departments have become nothing but a growing bureaucratic mess with the only purpose of growing versus a purpose of, you know, teaching.
@Chalet N Very true, but even the parents have been brain washed into thinking that college is the only option. (What does a plumber who makes $100k a year do at 5:05PM? Anything he or she wants! Think about that the next time someone you know is logged on and answering emails at 7pm).
@@RT-br4uq They are malicious. They charge as much as they can.
Great point, NS. The crooks charged what they could get away with. Student loans and grants drove up costs indirectly. The universities which do not adapt and change with reduced costs (e.g. electronic textbooks which could easily be free) will disappear.
Everything I learned in 4 years of nursing school could have been taught in a year. What a waste of time and money......and an inferior education as a bonus. If physicians knew how poorly we are taught and trained they would be shocked. I am an ex Air Force medic and a career mental health professional, with 48 years of experience in the health care field.
Sir, first off, thank you for your service. I am going to community college this Fall to start my career path in being a Radiologic Technologist (X-ray tech). I want to specialize in Radiation Therapy after I certify with the AART for Rad Tech. Do you have any advice for an aspiring healthcare student?
Wow! Where did you to go to nursing school? There's absolutely NO WAY you could learn everything that you need to know for nursing in two semesters. BSN RN here.
chris younts 🤔 i would guess that they crammed 4 semesters of strictly nursing classes into 12 or 15 months? ...... and that is ONLY because I would also assume you already had a bachelors degree AND all your pre-reqs completed? Those pre-reqs include Anatomy & Physiology classes; Chemistry classes; Bio; Microbiology; Developmental Psych; Statistics; Nutrition; and any other pre-req your specific nursing school requires. There is no possible way you could learn all this PLUS the nursing classes in 1 year. (I know I am pointing this out about the nursing degree, but just for the record, I do agree there are many degrees people go to College/University for and it is a waste of money. They do not need to waste there money going to school for something they could learn themselves through youtube or google.)
DONALD OLIN if we knew how poorly physicians are trained WE would be shocked. I think my nursing education was excellent. It stood me in good steed for over twenty years and still benefits me today twenty years after retiring.
Shirley - Your training twenty years ago was a much better training than what's been taught these days.
Universities preach equality while playing gatekeeper to top-level employment and networking.
JBTechCon huh? Corporations decide who they’re going to hire. Not universities.
@@jimbutler1189 You've never watched Suits on Netflix, have you?
@@jimbutler1189 no its the universities
@@jimbutler1189 Go get a job at a corporation without a college degree. Good luck!
Massive failing of universities is not a bad thing for America. Maybe out of the ashes comes real academic freedom, and the hailing of freedom of thought and a real education.
Inorder to have freedom of thought, you need to have freedom of speech. Make sure you never lose that right.
@@87stevan Agreed. Freedom of speech is already being curtailed at many Western universities.
@@mysticaltyger2009 This "curtailing" is always going on especially via gatekeeping to money and access - say one thing bad about climate change as a climate scientist and the going rate at one time even if you were basically a glorified TA was $18,000. It literally didn't matter if your whole piece was in total supportive of the notion that the climate was changing you just needed that doubt section very thoroughly done and the oil companies' proxies would butter you up. The right crying is their basic tactic. Cry and cry and cry and cry, like the NYPD police union guy Mike O'Meara. Similarly the guy who basically said trust fund babies deserve their wealth because born to clever capitalists, the guy who wrote the Bell Curve, got celebrated thoroughly by the elites.
But what's going to happen to all the sports teams?
mysticaltyger49 Look up universities that have signed on to the Chicago Principles on Freedom of Expression. These schools care about freedom of speech.
As much as 20% of tuition goes to subsidizing NCAA sports - the farm system funded on the backs of the working class suppplying billionaire professional sports team owners with their talent.
Of the $1.9 trillion in outstanding students loans, 25% went to funding NCAA sports! $425 B went to the NCAA and not to academics!
Make college about education. Get the NCAA out of our education system and tuitions will come down by as much as 25%!
Steve Barker At least for most public universities, tuition does not subsidize the NCAA. That is because public university tuition is required to be spent only on teaching and academic support. Instead, there are mostly supported by student fees that are separately listed that are actually voted on by students that subsidize the NCAA, endowments, and funding from room and board. It might seem like a minor technical point but the fact is the students (at least at public universities) can stop this most of this in an instant if they just voted in student elections and stopped living in overpriced student housing. Of course, money is fungible, so we also need to provide more transparency and ensure that when we cut these expenses, the NCAA is similarly massively reduced.
It's the other way around, sports subsidize the schools. You be nuts.
P Pumpkin That is only true for the two “money sports” of football and basketball and unless we are talking about highly successful Division I athletics, athletics actually are major money drains, which is why most universities require every single student to spend hundreds, if not thousands, of dollars on something called an “athletics support fee” (or a similar name) that subsidizes collegiate athletics.
Billy Bob Look for what is called a “student athletics fee” (or some similar name) that every student on a campus pays. These are student fees that go to support NCAA mandated sports. At the vast majority of universities, football and basketball simply do not bring in enough money to subsidize the rest of the university. Unless you are elite university that wins a lot of championships, athletics does not support the rest of the university. Instead the rest of the university subsidizes athletics.
If a university is lucky, football and basketball *might* be able to support the other NCAA sports (field hockey, baseball, softball, lacrosse, etc.). However, if you school is not a Division I school (and most are not) or if it is a non-elite or non-successful Division I school (a category that encompasses most Division I schools), even football and basketball cannot carry even the rest of the sports, so athletics needs to be subsidized by the students through exorbitant student athletic fees.
@Billy Bob Whatever, it's not the business of a university to have anything to do with sports except sport medicine and psychology. The only sport is real low level student sport twice a week for fitness and offline tindering
Translation: High-end higher education is in a bubble.
I think student loans is definitely a bubble
looking forward to watching it burst spectacularly
Me too !!!!!!!!!!!!!!
80% of what is taught in Universities can be put on youtube for free, at a better standard than the average college professor teaches. And it already is.
Yes, for a long time I have thought that lecture rooms were an outmoded way of teaching. Even in the sixties, many universities were experimenting with recording lectures for internal televising, though the old chalk- and -talk approach persists yet.
I'm a college prof. That's partly true, but most of going to college is developing their social network. That network will determine their professional life.
@anonymous reviewer Absolutely I would. Watch this guy.. Do you think most professors or nurse teaching staff are as up to date, or can educate as well? ruclips.net/video/W1dA9VhL60A/видео.html
Maybe that's true for the elite of the elite. I dunno if the same is really true for average undergrad attending your average college.
@anonymous reviewer A lot can be learned online. The labs and practical experience of course has to be in person.
Why I’ll be getting my master’s degree in Europe... same education, less money, better food... bye-bye America!
Go to the Republic of Ireland for a University Degree. And, the people are Wonderful too! Top o' the Morn to y'all!
Yes but this is a global.problem now. All universities here in Europe are also physically closed. My son is doing an Industrial Design degree in the Netherlands and he is doing everything online which is not ideal for his degree.
Good decision than to let it bash your country.
I have been a student and a Visiting Lecturer at European universities. I can assure you that it is NOT the same education. The US (and Canada) place a MUCH higher emphasis on the teaching side of the university and have highly developed programs at the M.A. and Ph.D. levels. This is simply not the case in most European countries.
@@rexsprouse4893 Really? Wow - I'm surprised.
If the university is taking 95% of the cost for a zoom class, sounds like there's an opportunity to cut out the middleman
Degrees are fairly standardized at this point. Your major and GPA are better determinants of income than the school you go
Kevin Lopez Except that GPA is meaningless as well due to grade inflation at many (though not all) schools at this point.
No kidding. I thought that for a while.
Agreed. Not sure how feasible, but one idea that came to mind was a “Netflix for education” - a place where you can go online to watch lectures and take courses from the best professors in the world. There’s no good reason that a Harvard lecture can’t be broadcast to millions of people via the internet (it would just be like a recorded zoom call). Primary challenges would still be grading and of course certification/accreditation.
@@avp802 This is essentially already the case. The heaviest math and science lectures are public on M.I.T websites. Their sources are at the library. It isn't a problem that needs to be solved, insofar as the reward for learning all this stuff needs to be more apparent. It should not be a struggle to find employment, and there should be low barriers to start your own technology company. The main driver for higher education have always been the strong employment prospects afterwards, i.e. hiring managers trying to recruit people while still in school.
The things that needs fixing include making US corporate environments competitive and strong. Patent laws need reform to prevent their application in anti competitive practices that limit what people can design, build and do without getting sued, while also strengthening legitimate claims to innovative ideas.
I’m LOVING that this guy keeps talking about college as a business! Profits and margins and his agent. It’s so wrong, and he’s saying it.
Rick Maib I agree with you it's so very wrong... to provide education as a business ! Its so sad ...I can't figure what will education become in future ,will parents will be able afford to send their children for higher education ...
@Rick Maib: This guy keeps talking about BRAND and NOT EDUCATION !
YES!!! STAY STRONG, comrade!!! The system is crumbling and the detritus will burn away leaving strong fertile soil in its stead
That's the way it should be looked at. If you don't offer cost-effectiveness or anything of value to your customers you shouldn't be in business. Fortunately for the uni-cronies, schools are subsidized by government. The school ends up being government's bitch. Consequently a lot of the research and product development goes to projects which benefit government. The kids are taught to have faith in the state and collectivism. And the school can be blackmailed into complying with all kinds of leftist sjw programs like Title 9. if they don't comply, they aint gonna get dat money. Yes, I worked int the marketing department of a Univ. in Texas so I got to see what most of the school was up to.
yup, EVERYTHING in the Divided States of America is a business...Prisons, Health Care, Education...
Many young people would benefit from professional/ technical training.
Yep, too many chiefs, not enough worker bees (who need to be paid for their skills)
The Germans do well at that. A person in the trades makes more than most sitting in their cubicles. Everyone wants a comfy job!
They don't have a choice.
Some Universities Are About to Be “Walking Dead” | Amanpour and Company, a communist PROFESSOR, just screwing students is absolutely normal. Get rid of all socialist professors, do it now, Americas Constitution is at stake, vote Trump-Pence, register, vote out all DUMMOCRATS and RINOS.
@LazicStefan wow that's a hard one to swallow, but it's true, they are always demanding at least 2 years if experience.. How are you supposed to get that? Most will say "unpaid internship /placement" that alone reveals just how little value is given to new up and coming professionals. How are you supposed to get unpaid experience and pay bills? It makes no sense 😕
Some of the stupidest teachers I've had, had tenure.
Rote flashcard lectures long enough, acceptable enough, it is going to happen.
But, yes... I was quite surprised over 50+ years of study to run into some real bricks. Not an original thought in their sheeple to the trough minds.
LOL got a bad grade? Blame Tenure! Some of the stupidest teachers you had didn't have tenure, right? hilarious!
Did the good teachers have tenure, too?
Boston University, 1999. My classmates and I were extremely unsatisfied with the performance of one of our tenured professors. We were united and raised our concerns with the administration. The professor was removed. Express how you feel and be determined! Speak strongly and clearly enough, and you will be heard, even as a group 19 year-olds.
Usually, the best teachers were the newest ones. They had to be good because their jobs were on the line and they had to prove themselves. Tenure does cause laziness and lousy teaching and can eliminate motivation, since the job is guaranteed just by showing up.
I go to NYU and the school wasn’t affordable to begin with. Taking online classes just doesn’t cut it when it comes to the money. All you incoming freshmen, please consider taking a gap year or go to community college. Its not worth it while this pandemic is still in progress
Agreed. In 2008, during the recession, my friends who went to CC had jobs and no debt. Us University grads had debt and no jobs. (or had to stay with our min wage jobs)
@@hunnerdayEDT What if the school were a state school with an excellent reputation, but very cost effective? Florida State University is ranked top 25 or 26 for undergraduate education and second or third cheapest of state schools. Just a thought.
Consider India universities for engineering courses.
Also students graduating from community college and need to take upper-division should go to in-state public universities, which are often much cheaper than private schools.
NYU must be the most expensive school in the country. My entire undergraduate degree at a state school cost less than one credit at my NYU MBA program, which fortunately, I got my company to pay for.
I remember when colleges used to find paid internship for students so they can get hands on experience. These kids don't even know what that is now- they just sit down all day
And when they graduate, they have no idea of doing any job because they are still 'students'
Yes, decreasing tuition cost is number one priority.
No. Increasing educational standards should be the number one priority. What you should want is a high-value, not necessarily a low-cost, education. What we have is a high-cost but low-value system. If you just cut costs, you get a low-cost, low-value system. What you want is a low-cost, high-value system but those do not exist. So what you should pay for is a high-cost, high-value system.
@Lesbian Amazon Sister as a student, no one is making you attend any university---so as a consumer you seem to be making a poor value choice.
@@walkerpublications4418 Again, Scott stated it clearly. Education institutions should not be regarded as luxury consumer items. They are supposed to be non profits looking out for the benefit of the commonwealth. It's long past due they start reframing their missions.
@Lawtrina Kerkula Education is not information.
...And not just the cost to the students, but also the taxpayers.
they've become "drunk on exclusivity"
1400% rise in tuition in the past 4 decades
Seriously, think about that. How in God's name do they justify this?
In the 1970s I paid about $90 tuition per quarter for undergraduate and $190 per quarter for graduate school. My granddaughter is paying $70,000 per year.
Ulrich Semrau In 1989 I told my mother that I was paying $600 tuition at the University that she attended in 1970. She told me that it wasn’t so bad... she had payed $200 per year. I said, that’s just one semester.
@@ulrichsemrau1561 private school?
Any facts to back up 1400% rise?
Sounds like there are going to be a lot of persons with degrees serving coffee or making deliveries soon.
They already are!
Shit. You can’t even serve coffee now.
Going to be?
Soon, we saw that in the 80’s...
That's been the case for years!
If you're graduating high school in the US my advice is this: get a gap year and then go to europe.
Nah ! Asia! Or South America!
Asia or Europe(not the UK so much)
Go to a trade/ technical school. Or get into an apprenticeship. Electricians and plumbers make a very good living
We get them here in UK. "And where will you be going?" we ask them. "Gee. Like Stratford upon Avon, Lesbos, a week in Middlesborough and flying to Marsails and then two days in Nepal ...all of Europe basically . We saw Disneyland last week it was super cool...Hank speaks all the lingos..he can order a beer in ten languages!"
Obyvvatel thats what I did with a few friends and some of them ended up going to college in Europe! I wish I did!
Colleges and universities are credential factories issuing degree tickets into the corporate institutional oligarchy.
That was a great way to say it. Once the system falls apart, all those useless paper pushers will have no marketable skills.
Perfect description...
Hire Education
@Andrew Layton Agreed. The Michigan engineering school was a game changer for employment but I had to find out about the really interesting sciences on my own like the work of NicolaTesla (energy), Victor Schauberger (water), Nassim Haramein (atomic theory), Marshall Lefferts (atomic theory), Hans Jenny (Cymatics), Paul LaViolette (astrophysics), Dr. Robert Moon (periodic table), John Hutchinson (Free Energy),
Masuru Emoto (water) etc. Engineering school might be a ballbuster but the new sciences are a mind blower.
There is no luxury brand like higher education!
A high quality higher education! 😉
Ivy League Couture
"...just in the last two weeks I've talked to administrators and leadership at six different universities, and they have a ton of ideas, and a lot of platitudes 'we're in this together', and one idea you never hear is that they need to reduce their costs."
Hilarious that tenure seems to be the problem and not the overpaid administrators.
One and the same problem....
Agree. Too many layers of incompetent lazy management in CA universities causing more debt for students. What do we need so many managers, if they could have paid for to staff to do most project management at different levels.
These directors many times try to come up with more wasteful projects that serve no value just to prove that they are worth something, and yea more micromanaging stuff if they have nothing else to do.
@@russcoleman2338 No. It's not.
@Annie S. agree with reducing mangement layer. No sure about more advanced degrees using current expensive long obsolete education systems. More practical fast hands-on focus chep/free student centric will be good. Good knowledge is on internet with share models right now, people learning from real ppl with more practical and up to date info. thx
Have not attended an "elite university" by any evaluation. But attended local state colleges. I value my experiences greatly. These are undiscovered gems for all, relatively priced. Recommended. Excellent clip, thank you.
why go to schools, when jobs wont exist anymore.
This guys spits so much truth it’s cleansing my soul
I like him too. He's speaking the truth, and I value it even more so because he's part of the college education system but not going to sugar-coat it for them.
Education is what begins when you leave schools.
I agree... mostly...
As an academic advisor I have a few issues with this guy’s assessment. Tenure is not the primary reason for high tuition. Upper administration is where the big money makers are and they seem to double themselves every ten years. Tenure is in decline yet tuition is still rising. There is a great deal of marketing, sports, business enterprises going on in higher ed that has little connection with the goals of educating students. He said it hasn’t changed and that is just not true. Our country lacks proper health and mental healthcare, universities provide this for students. Academic support and IT resources are much more extensive now.
Yes you are exactly right. The money goes to administrators, marketing, buildings, everything you mentioned. And it's easy for a business professor to say we should eliminate tenure - if he gets fired, he can just find a job in the private sector. Not only are many if not most tenured professors actually very productive, but if you work in the humanities, hard sciences, social sciences, etc., it is not easy to move to another job. There are not enough jobs. Why are there not enough jobs? Because the university's money goes to administrators, sports, fancy buildings, etc.! The money is not going to tenured humanities professors. And of course, then there are the adjuncts who are hired to fill in the gaps because the university won't hire more tenure-line professors - and they get no health insurance and less than minimum wage. it's criminal - but the problem is administration (and business professors making such suggestions from their own comfortable perch) not tenured professors.
@@jimsykes6843 So, we should give instructors tenure because they might not be otherwise employable? That's a sweet deal, wish I'd thought of that before I became a firefighter..
My private university healthcare package did not include dental nor therapy but it was affordable.Many students including myself were suffering from tooth problems and not able to get dental care in this wonderful rich country of ours.
I agree, Anna, with both of your main points about high salaries for upper admin and the focus that has been building for a while away from education itself, education of the whole person. Also not mentioned by Galloway is the issue of adjunct staff, who in some US universities (although this is a problem not confined to the US) accounts for as much as 75% of teaching staff and who have no benefits, job security or a decent level of pay. This is an absolutely massive issue and, in my opinion, the hidden shame of HE today. Galloway's framing HE as just like any business is wrong, but I do like his suggestion that the model of how HE gets delivered needs to change. But the question of where all of this money is actually going and why is a very good one. HE is broken but it needs fixing because it is very much needed and has value.
Don't take him too seriously. Getting rid of tenure is a long term right wing wet dream. Look for more attacks on tenure in the name of "reducing the cost of education."
Higher Ed provosts and leaders give themselves raises and COL increases, all while raising tuition, hiring more adjunct professors..
I'm of two minds over Galloway's argument. On one hand, the Ivies and big-name schools are overdue for a smackdown, especially considering their cost isn't worth their value. On the other hand, higher-ed, itself, shouldn't be forced to live/die according to market forces. The whole problem with the modern American college/university is that they're essentially run like businesses. For example, every public university in my state (NJ) went on a land-buying and building binge during the 2000's real-estate bubble, trying to attract more students and collect revenue from leasing/renting. Then, they built ugly monstrosities for facilities, which all ran _waaaay_ over-budget, and were expensive nightmares to maintain. After all that idiocy, they had to jack-up tuition and would subsequently fail to meet their enrollment requirements. Meanwhile, academic departments which require expensive equipment (engineering, art, nursing, comp-sci, etc) were always desperately low on supplies, which has only gotten worse in later years.
And re-thinking tenure? That's pointless. The vast majority of faculty are severely underpaid adjuncts with NO job-security. Most will never get tenure, anyway. The money administrators/trustees wasted everywhere else, in order to make themselves "more competitive" to lure potential students, would more than fix that problem. A school is supposed to provide a public service to the community, not sell a luxury product to a niche consumer.
All said & done, I'm still glad to hear Galloway's views on the issue. All the best, everybody.
"On one hand, the Ivies and big-name schools are overdue for a smackdown"
Except those are the ones he said would not be impacted.
"The whole problem with the modern American college/university is that they're essentially run like businesses."
Actually, it's the opposite. Businesses work to boost productivity and reduce costs to deliver product in a competitive environment. In contrast, colleges and universities have inflated their costs by 1400%. A business would not survive that way.
I agree. I just wrote this, before i saw your comment:
It's all true, but misses the point. Education can be made cheaper by cutting bureaucracy. To cut bureaucracy (and marketing) you need a safer environment for universities, not a free-for-all. Essentially the bureaucracies manage the marketing machines, and academics and what they do are just a curiosity.
@@wisenber You make two good points. The Ivies & big-names probably can coast on their reputations for now, but they'll feel the effects, one way or another, when the economy eventually craters. And in, principle, you're right that any ordinary business would crash-&-burn, if they followed the college/university business model. I suspect a lot of smaller schools (especially the "commuter colleges" I went to, whose students are primarily from working-class and immigrant backgrounds) could easily collapse under their unsustainable debt loads, if their creditors smell blood.
But remember, in this modern American economy, there are a bunch of industries that are deemed "too big to fail," and have a _de facto_ protected status. Fossil fuel, finance, insurance, real estate, and pharmaceutical industries, as well as any major Defense Dept contractor (and their "lowest bidder" policy is a joke--- the amount of waste & fraud aren't even something the Pentagon auditors can figure out!) are all bailed out by taxpayers for their incompetence. I'd add higher-ed to that list, especially since most of the dollars they collect are from gov't-backed student loans. if there comes a wave of school bankruptcies, you'll see state/federal actions to stem the tide.
I definitely appreciate your different perspective on the subject, though. All the best, my new friend.
@@garethb1961 Ain't that the truth? The sheer number of highly-paid administrators/executives managing god-knows-what at any given college/university these days is sort of mind boggling. At the risk of pissing off the "woke crowd," I think schools should sack those useless "diversity coordinators," for starters. Ironically, what most schools need to spend more money on, is hiring more maintenance staff and to unionize the food-service workers, who are likely minorities/immigrants underpaid by 3rd-party contractors. (But talk is cheap, and it's easier to pull down a statue, than to, y'know... actually give the people they supposedly speak for better material conditions.)
Glad to hear your take on things. All the best, my new friend.
Education is directly or not, the creature of the state. And the fools want more state.
If I had children graduating from high school, I'd recommend they go to an excellent trade school. Then get a good job.
If you still want to go to Uni, you'll pay for it, yourself. That is the best way.
Exactly !
@ Jenny Hill: if you want your kids to choose a trade, you as a parent better be in that trade yourself. You see Ms. Jenny, trades were never meant to be taught in schools. Trades have always been passed down through apprenticeship programs usually from father to son or from mother to daughter. Or, as in Europe, young kids were taken to the Master Tradesmen where that child was given all the education to master that trade and then worked for a short while, with the Master, to pay back some of the years of training. Trades take a number of years to master, but they are a great way to open up the road to the entrepreneur spirit. Which by the way was the original intent of every American that came here from the Old World.
Aren't you special Jenn
@@NEMO-NEMO who do you think teaches at trade schools? Trade school is ok and you can do your apprenticeship at the same time.
Edison Carter You still end up with a tremendous amount of debt, as I did and then to boot you find a job in your field and you end up being retrained and asked to forget what you learned in school! This is why it’s best to only be an apprentice at a young age, work hard and learn everything from that business owner and accept the low pay, then you can still move on to another tradesman and work for a better wage and learn new techniques and styles. It’s a win win. As the years roll by you’ve made connections within your field, you’ve built up a reputation of your capabilities and you’ve earned the respect of those that taught you everything.
The other way is very dangerous. You pay top dollar, get a standard curriculum education , you graduate, go find a job and discover that an illegal can to your job, better than you for cheaper. All you showed up with was a piece of paper. He came with years of experience from his country where he apprenticed with experts that taught him everything.
While we keep talking about gap years, let's take a moment to think about the graduating hs seniors from underserved communities/1st Gen students who will have to make some tough decisions
@JONES That might be different with Covid where there are opportunities for able bodies.
Our entire education system here in America is broken and corrupt.
Don't forget about our broken medical system, broken infrastructure and broken legal system.
Really?
"You're going to see an incredible destruction among companies that have the following factors; A tier 2 brand, expensive tuition, and low endowments. There are 4500 universities in the US, you could see 1000 to 2000 go out of business in the next 5 to 10 years. What department stores were to retail, tier 2, high-tuition universities are about to become to education, and that is they are soon gonna become the walking dead."
Elite colleges- do the students get the best education? Not really. Students are paying for the brand name, that is all.
Yep. I know this for a fact. Because I have been to the private schools to the public schools. UChicago to UT and UC. It’s just the name that you are paying for.
Agree. What makes math different at an "elite" college vs another?
I pay 80 dollars per course on my MBA in Mexico.
@Rafael You get to have ", MBA" after your name. Not a bad investment for $80.
Well done. Ty for your comment... it’s enlightening.
which university if i may ask?
Which university? I'm down lol
This man is absolutely on point. A rare thing to see. Great video PBS!
Scott is always on point. The guy is brilliant.
I agree with some of his points, but his views are skewed completely by his business bias. Higher education is far more than the dichotomy of luxury brand vs waste of time. The benefits and the problems cannot be properly viewed solely through the lens of cost analysis.
This guy is totally on the money. Clearly NYU is worth its tuition! 🤣
tchrisou812 not a rare thing for a good vide on PBS. Keep watching, you will see.
I started a tech company 4 years ago. Most of what I've learned in terms of marketing and branding came from Scott.
Andrew Yang was the only presidential candidate to seriously talk about this.
And he'll never pass the primary.
Reason, common sense and humanity, doesn't belong to a plutocracy, cleptocracy, they will never leave such amazing guy at the helm
A crucial aspect of the experience of learning in a University is _social._ University life is about the formation of friendships among fellow students. It’s about the enjoyment of _learning together._ True Education is _far_ more than filling one’s head with 'coursework' by staring at a computer screen.
Does that deserve $100000?
The cash cow .... is foreign students . True that
Correction : true dat
John O'Connor I am super happy that leftist professors will be losing their jobs. Those people need to pay for what they have done to our children and the country.
University of California system gives 30% of UC spots, funded by our tax dollars, to Chinese and other foreign students at 3x the price. Meanwhile, my son, who is in the 9% of CA high school students, is waitlisted or given a second choice major. Shameful. There needs to be a class action law suit against the UC system for taking university spots away from in-state students to increase profits.
-- Bingo.
Everywhere..!
The Victorian Model of education is obsolete. Mr. Galloway has some big stones and I admire him for it.🐈
75% to 85% of University Education can be ONLINE.
You're missing the point. The point is, what person, let-alone a 17-18 y/o wants their most, if not All of their College experience to be through a zoom video? College is not ~JUST~ about the education aspect, its about the EXPERIENCE of Going to College, getting away from your parents, making New Friends and have new experiences.
@@TheM8trixHasYou no college is just about the education. anything else is marketing
I finished my undergrad degree remotely at a state university. I don't think I missed any benefit that I would have had by face-to-face classes. I not only paid regular tuition, but extra fees for being remote. It's a money grab without integrity.
As a student who returned for the college experience after a successful career in military service, I've often questioned the cost of the final product. In reality, what I pay for is three fold: the topic selection and pacing of the curriculum, an evaluation on how well I've learned, and the final certification or diploma. How does that cost tens of thousands each year? The reality is that it does not.
I am all for paying the faculty, I want good instructors to be paid well. But most of our tuition goes into bloated administrative processes and prestige.
I could receive the same quality education in a renovated warehouse (or as we recently learned: on digital platforms like Zoom). Instead campuses are installing and renovating buildings to the newest and best facilities, the many paths feature sprawling acreage and impeccably kept landscape. I suspect that much of the inflation in our education costs goes towards a form of keeping up with the Jones. After all, the school has to look good; American consumers only want the most beautiful schools and the best equipped dorms. Parents want the college experience for their children along with the education. Not to mention the sports facilities, stadiums, walking paths by the river...
The reality is that the experience could be cut quite easily while the base education, the three things I actually need as a student: the topic selection and pacing of the curriculum, an evaluation on how well I've learned, and the final certification or diploma; that could be affordable. But consumerism and appearances keep it from being possible.
What I want as a student is access to good, quality, competent instructors that can aid me in learning material; and I want a diploma when I compete it. Everything else is bloat that I can only afford because of the GI Bill; thankfully I was given a path to earning an affordable degree through that program
What a succinct distillation of academic learning. Thank you for your service to the country, and congratulations on continuing your education. The interaction with professors and students is also a very big part of any education: from K->College, and Graduate classes. The online learning environment for that specifically just can't be replicated, but your idea of "even in a warehouse"....maybe in one of these soon to be emptied out retail department stores! One thing the diploma itself demonstrations: completion. Getting over that finish line is important. Good luck to you.
I am a Professor at Indiana University. The guest seems to be talking about a world that is totally foreign to my experience. University professors in the College of Arts and Sciences are ludicrously underpaid. Despite a freeze on raises and hiring, the vast majority of my colleagues and me spent countless hours a couple of months ago shifting how we deliver instruction mid-semester. Many of us also found new ways to identify psychological stresses students might be facing because of the COVID-19 pandemic and sought ways to address these stresses with students in remote locations. The content of my courses does NOT resemble that of a couple of decades ago, because I am/we are engaged in active research as a part of our jobs--indeed, every iteration of every course teach requires a reconsideration of the content, methods, materials, and assessment of the course. International students have become "cash cows" of many colleges and universities in the US, precisely because there is a general recognition that the quality of undergraduate and graduate education is vastly superior to that of most other countries. I entirely agree that there are serious issues around rising college and university tuition; nevertheless, statistically speaking, a college education at least doubles a student's earning potential. But let us not forget that a primary reason for the spike in tuition at many public institutions is the fact that many state legislatures have unwisely chosen to de-fund these institutions. There is surely a lot of silliness masquerading as scholarship in many programs in the humanities and (to a lesser extent) the social sciences, as well as much serious scholarship. Nevertheless, students at US colleges and universities are encouraged to develop habits of mind that lead to innovation and they have many opportunities to improve their ability to organize thoughts and to communicate those thoughts in writing and public speaking. I sense that the guest takes most, if not all, of these extremely positive outcomes associated with liberal arts education in the US (and Canada and the UK) for granted.
Your observation about shifting the cost of higher education to students is spot on. Increases in the cost of public colleges can largely be laid at the feet of state legislatures that several decades ago bought into the theory that the only beneficiary of education was the individual student, not the general community. Many of the complaints about college cost ignore the steady erosion in state governments' share of higher education funding.
Grammatical error in 3rd sentence should be correctable by any h. s. grad.
Lynn Gilbert I think you might mean the 4th sentence... a counting error correctable by any MBA.
What is ludicrously underpaid?
Underpaid = Lecturers
I’m suprised he’s been so open about his margins 🤯
9:17 “the free thought that you value on campus” ahahahha
This guy is on point.
I’m a Physician and right now I’m having regrets about not going into electrical repair
Top elevator constructor can make $150000 a year . A solid pension too. Although physicians outnumber them 200-1
You can still do it. Two years at a tech school, no maths harder than year 10 standard, hands on work in the workshops, electrical theory is easy to understand, and you probably can already do cpr and 1st aid. What's stopping you?
That 400k in student loan that is growing.
All of the above, agreed
I looked into a lineman position
Risky stuff but 200k a yr
That’s impressive
But you make a lot of money as a physician..
Australian Universities are bleeding because they have become so dependent on Chinese students and their exorbitant fees and tuition!
Canada is in the same predicament.
USA, Australia, Canada are the same .. the Universities are so damn expensive and Students have more debts than ever before. Why the English speaking countries are doing that to their own citizens? European Universities don't cost that much and way cheaper. Education is Not a Privilege but the Right for everyone.
And dependant on students from India.
@@danam.5433 Exactly the same scenario here in Western Canada.
@@Bellazme American students used to pay very little almost nothing .. the foreign students paid more than we do .. that's supposed to be .. helping the american students for college .. that's a fair game. But Now All the Universities in the US whether it's Private or Not they charge the same like the foreign students which is ridiculously expensive. Not Worth It !
Where do you classify University of Florida? Tier 2 or 1?
I'm going this fall.
This is a BRUTAL wake up call for little liberal arts colleges in quaint, little towns for safe, extended childhoods for the pampered few..
Education is not a right. Taxpayers are not slaves of pseudo-educated, power-lusting, nihilist-socialist, pseudo-elites.
Given the constant innovation and lowered prices of capitalism, knowable from the experience of increasing global billions, your claim is literally mystical. As Cream sang , "And you know what you know in your head." If a meat-ax was taken to govt spending and regulations, such schools would be an excellent investment and affordable by all.
The good intentions of government have once again backfired. When I went to my state university the tuition was $800/year, now it is $16,000. That wasn't caused by inflation. Rather, the government decided that they would give loans to students who couldn't afford college. Once colleges found they could raise fees and students could come up with the money, they went wild. That approach won't work anymore, prices will have to become reasonable again.
Senator Sanders sincerely cares about people and wants to help. But it should now be obvious that his call for free universal college education was unrealistic pandering. A few months ago college administrators were saying if the government could significantly subsidize and increase enrollment, but there won't be more colleges to fill the demand, that is a prescription for raising prices. Now they are hoping to stay afloat.
Lol it won't change until Pell Grants/Penn and loans go away. Unfortunately, the Republicans approach to reducing funding is a way to fix this. But it cause the wealthiest to only afford college or more colleges lowering costs and increasing enrollment. Increasing enrollment is a great thing so I hope it goes that way.
My grandpa paid I believe 100$ a semester for tuition and room and board in UCLA. That was in the 40’s. Fucking absurd
Any time u loan easy money u have bubbles and debt. College has become both.
At least part of the reason why public universities are so expensive is because states have reduced their support for higher education. Imagine if the cost of your local high schools was covered only by taxes paid by parents who had actually have children. I have no problem with paying taxes to support my local school district, even though I do not and never will have children. This is because I recognize that by paying taxes to support schools, I am contributing to something that benefits our entire community, and indeed an informed citizenry is essential to a functioning democracy. The same logic should apply to higher education - it provides a societal benefit to the entire community, not just those who attend.
It also does not hurt that good local schools support housing resale prices!!! I've lived in areas where the elderly voted low taxes at every turn. The home values dropped like a rock and they lost a lot more in home value than the taxes they would have paid to keep good schools. Very short sighted.
David Rudge ..Bravo!
It's not as much as a reason as people think. Really any school taking peoples money shouldn't be funded by anyone - they are paying money for it. Getting to draw from the till on both sides is a situation ripe for abuse ...
It is entirely possible to education someone today, using distance learning and other tools ,at a cost of 1,000 a year or less. When you pay super-high tuition, what your paying for is an outdated architecture you just don't need any more. Education needs to be commodified, but currently it's sold more like a luxury hand bag. The solution to that is not to give everyone more money for luxary handbags, but find a way reform the production of the product so the cost actually reflects the inputs .
I completely agree with you but I do not think that people like this guy should be paid so much.
What a face full of ice water this is: stunning, yet refreshing. I took a gap year after HS... then two... then a year of college, and I was done, I refused to borrow the money to pay for what I was getting. I never looked back. It worked out okay, but that was a long time ago, and I don't know how well I'd fare if I did it today.
"we've become drunk on exclusivity.....we're not public servants we're luxury brands" thanks for being honest Professor Galloway - good interview - yet a gloomy forecast for the country with one of the best education systems.....
RUclips needs to handout certificates to RUclips University. There is enough content and real like information on this site to get you through life for FREE.
You are obviously not a reader lol...
As a sessional instructor, I get paid less than minimum wage for the time spent teaching, including migrating courses to an online synchronous format
That’s shameful! Teaching is a gift not everyday can do it. Thank You
This sucks, but frankly, there should be far less educators to begin with anyway. Universities should have been spending the past 10-20 years transitioning to online, prerecorded educational syndication. Prerecorded (repeatable, scalable) lecture videos, fluid scheduling, not ableistically requiring eye contact and schedule conformity, a persistent, interactive discussion medium, and follow-up livestreamed Q&A sessions with the VODs uploaded after the fact (same as the lecture videos), is the BAAAARE MIIIINIMUM for the education I should be receiving. If ya'll want to throw in in-person lectures / labs and practical demonstrations for LEGITIMATE reasons on top of that, be my guest, that would be great. But nooope. Professors instead want to force you to buy a microphone and webcam so they can maintain their specific schedule, mandate eye contact, invade your home privacy, and justify keeping their jobs. This is the 21st century, if you're not cut out to produce at least RUclips level informative, engaging content, you're not cut out to educate. This IS where the bulk of valuable education is going to go in 10-20 years (my late estimation, and that's being generous), any denial of that is simply cognitive dissonance, don't kid yourself.
Fantastic and very informative lecture from NYU professor Scott Galloway. Everybody must watch it !!! --- Thank you very much
Great interview! Need more people talking about this.
describe caste system? I'm from the middle class, public schooling, etc but managed to get ivy secondary degrees. I've pursued opportunities but gotten truly nowhere in life; "elite" degrees dont guarantee anything. From my anecdotal experience many very successful people who went to mid tier schools; community colleges even; they may even actually get a better education.
AGREED.
an ever increasing trend over my 68 years has been the manufacturing and overselling of anyone in America can X or Y, you can do it boosterism. Most visible example is sports. Yet it's always been known that overwhelming majority of people do not make it. This is also the case with business. Ratio of success to failure is very low. Particularly long term.
If you're middleclass in America, I think you might be the last one. Could you turn the lights off on your way out please?
The caste system is through banking. Financiers create credit out of thin air and "loan" it to the public to spend on themselves. This perpetuates the wealth of the rich and the poverty of the poor. It allows the ruling class to spend the public's money while keeping their own. It boils down to whether or not you are useful to financiers and shareholders of stock. If you currently are, then you are perpetuated with the caste system. If not, you no longer have a right to exist and should stop reproducing and/or go die in a war because Malthusians.
@@dreamingrightnow1174 funny, 1 of my siblings def made it to top 5%, 1 sib in the upper-middle; other sib was top 1%, now poverty? (successful business brought down by sort of 'legal hijacking'). I'm squarely in poverty.
look there's only 8 Ivy League schools in a nation of 327 million, tired of hearing about them.
As a recovering, first generation, ivy league graduate, I couldn't agree more.
They are a focus of power. You can get tired of hearing about them. Power prefers you remain apathetic if not ignorant.
During the period when the U.S. had the most powerful, innovative, diverse and broad-based economy in the history of the world, the bulk of scientific advances, scholarship and research was done by the publicly run state colleges. If you followed any serious science, you knew that some Midwestern public university was where the action was --- and these public institutions turned the sons and daughters of farmers and lumberjacks into microbiologists, historians and physicists. The "Ivy league" colleges were laughable backwaters of pretension good for little more than providing diplomas for the dim-witted children of the rich. It was during the "Reagan revolution" that started the decline of America that the cult of the "right school" re-emerged.
Jay Ess Robber barons? What? This isn’t the 19th century,
It's not just strictly the Ivy League; it's the top 25 academic schools that include the Ivy League schools, Stanford, MIT, Duke, the University of Chicago, Northwestern, Notre Dame, and a few superior state schools like Cal-Berkley, Michigan, Texas, and UCLA.
Now everyone knows why Harvard has been so stingy with their endowment!
''We want our money back'' - pretty much sums up the world's reaction to Washington.
A caste system is antithesis to meritocracy. You cannot have both simultaneously.. but more importantly, if you NEED to win by DEFAULT, then YOU ARE NOT EXCELLENT.
Why should anyone be surprised. It started in the 80s, the "winner take all" society. The chicken have come home to roost.
DSAK55 Yes, exactly that.
Naw, it's not a zero sum game, the more people the do well, the more people do well. JFK: "a rising tide floats all the boats". - still true. The "Me' decade - I think it started when we opened the floodgates and let foreigners in, and sent goods to the cheapest place to manufacture. And that started because unions got too greedy.
@@ppumpkin3282 The unions got too greedy ...... what about those stashing millions offshore and not contributing to the societies they live in? They not too greedy?
I have been upset about the inflation in tuitions and the unbalance regarding instructors versus administrators in higher education for a long time. Thank you for shining a light on this.
A lot of those small, private, non-research, elitist colleges will be gone. Who can pay $60000+ per year for non-Ivy League education? Those schools are a dying breed. Go to a research based, public school and get a better education for 1/2 the cost. However and in large part, those elitist schools provide a very strong network of alumni that try very hard to only hire fellow alumni. Most large state schools don't have such a xenophobic alumni base.
In US we call Engineer the same person that design and builds the train and the guy that drives the train.
After a decade of study and training we call doctors Providers, so do we call nurses...isn't that strange.????
When I go for a doctor's visit I want to be seen by a doctor...not a Nurse Practitioner!!!!!
We ask a barber to go through 12 months of training for using scissors and cops 6 months in academy to use guns and enforce laws.
At the end the value of the name of the school you go is only to find your first job...after that is you...your experience.
Is really 10X better your NYU education than your SUNY education if we value that from what you pay????
Elite schools produce experts, but in our culture expertise is not valued - so why go to an expensive school to become a despised “expert”?
With respect, experts are despised for good reason... mainly because they serve corporate interests and themselves.
Those "highest profit margins" amount to organized, legalized robbery, regardless of "prestige"....
Please make an updated version of this video. The subject matter is very interesting. Video published May 2020 and it is now Sept. 2021. Thanks
I went to two State Universities in the 1970s and earned a bachelor's and a master's degree. It gave me the education and skills that I used to build and benefit from a very successful career and I and my parents paid so little for that education. I have been so disheartened to see state legislatures cut back drastically on financial support for public colleges and universities. It's undercutting the economic engines of so many states and U.S. overall and hurts upward social mobility. It's such a huge loss.
Some Universities Are About to Be “Walking Dead” | Amanpour and Company, a communist PROFESSOR, just screwing students is absolutely normal. Get rid of all socialist professors, do it now, Americas Constitution is at stake, vote Trump-Pence, register, vote out all DUMMOCRATS and RINOS.
I totally agree. I had affordable university classes in the late 70s.
Parents of the privileged do not want their children to have to compete fairly in the world. They want the opportunity to to pay for the leg up.
We only heard about the parents who committed fraud because they're famous. I wonder how many other parents have bribed and otherwise cheated to get their kids into schools.
Sound like parents that want the best for their kids, unlike those neglectful parents
Not one penny from the government, cut all salaries across the board on campuses.
Brilliant, reasoned, analysis and commentary!
A gap year is such a luxury than Amanpour doesn’t even realize it.. 🙄🙄🙄
he literally says a gap year is a luxury during the interview
As schill elite owned by CNN
@@rococostyle lol he does but the group of people he associates with don't lol
How is working for a year a luxury?
Can you point to where I can find the info that “head of Harvard admissions publicly states he can double his freshman class and not sacrifice any quality”?
Google is making it difficult to search for controversial statements .....
That's not remotely controversial, use your reasoning faculties and/or drop the bias, lol.
@@RosscoAW I thought it was sarcasm about how touchy social media is now. But I have no doubt Harvard could quadruple it's class size and still fill it.
What happens after this year where many students will take a chosen, or unchosen gap year..... if they try to come back next year... will they be competing with the next cohort?
Best discussion I’ve heard in 30-years. All true and without education reform America CANNOT be saved.
This is a very eye-opening discussion from Dr. Galloway.
He isn't a Dr. He only has an MBA. He is a non-tenure track professor...which is probably why he is so against tenure.
Only if you are uneducated. Anyone who knows how to THINK can see the holes in his ideas. Some facts are true, but the analysis sucks. And the conclusions are wrong. MBAs are a lot of the reason America is failing daily. They promote ideas and theories antithetical to the American Ideal.
I haven't made a single online purchase throughout this pandemic. I have never bought from Amazon, never will.
Respect.
Cheers! Same here.
I started boycotting Amazon September 2019.
I can't say I haven't bought anything from Amazon, but they're really not even the cheapest option these days, on top of that they support a fair amount of fraud but saying it's not their problem to police businesses that use their platform.
So basically we may end up with more plumbers and electricians, which is what we need anyway.
I studied, for free (in France) a bachelor's in thermal engineering, a bachelor's in aeronautical engineering, an EASA part.66 certification for aircraft mechanic, and paid (a little) for a master's in software engineering. Should I feel guilty?
time to drop sports. in addition here in Ohio developers own government. Every square inch is bloated with retail.
Exactly.
couldn't agree more...and I never believed in those athletic scholarships either...you're there to LEARN...not play football!!
OMG!!! YES!!!! YES!!!! I've always thought that was all total bullshit socialization to make future consumers of the sports variety. If one likes sports, great, but seriously, its only a money maker for many universities.
I’m glad this problem is finally getting some attention, is about time. These institutions need to be held to account.
This is strong stuff. Huge props to the honor and integrity of Professor Galloway.
Excellent. ALL PROFESSOR'S SHOULD WATCH THIS.
This is all SO complicated, and they are trying to simplify ridiculously. Please if you’re making a personal decision based on this, do WAY more homework.
Are you another educator, seeing this, and fearing for your job prospects? Good.
alumni maybe instead of pissing away millions on football save your alma mater!
If a university is honestly increasing their tuition after a Zoom semester then something is up. How much speculative costs are they going to have with nobody there and millions in support from the government. I agree with what this professor is saying, but has he actually seen how his students live? They are spoiled rotten, live on campus with no job, and have their college debt paid for. The lower classes are the ones who have to work and get massive debt to pay off, that's not a concern of the higher classes.
Yep I have seen it. It feels weird to work while in college, like you are apart of a lower class. It also depends on how you do it. Some do it for extra money mom and dad don't give them, while others got jack shit and work to pay for it themselves, therefore removing all sports and extra circulars from there life. That creates a natural class of those who enjoy "fun, extra-circular" things and those who work. Two different groups of people, I don't know if it is right or wrong 🤷♂️
All schools should give a "corona" discount...Deep discount
We need change and we need it now. According to Google: "On average, tuition tends to increase about 8% per year. An 8% college inflation rate means that the cost of college doubles every nine years. For a baby born today, this means that college costs will be more than three times current rates when the child matriculates in college." While many may hate Bernie Sanders he is correct that our education system needs to change. A young woman remarked below that she was going to college in Europe and is getting her Master's Degree ---"same education, less money and better food." If small countries in Europe can support their colleges and limit tuition and have capitalist economies we as one of the richest countries in the world should be able to do the same. If you really look into what Billionaires pay in taxes it would make you sick. Warren Buffett acknowledged that he payed, percentage wise, less than his secretary. That is flat out wrong. Is it ok that we saddle students with outrageous debt just for an education - HELL NO. My niece is working at her "dream Job" but is saddled with so much student debt that she couldn't be on the mortgage of the home she and my nephew purchased. 8% per year increases is just outright theft and they get away with it because the whole goal is to keep the middle class in debt while they tax your ass on every thing including your burial or cremation fees. No joke!
and minimum wage is not increasing and if does, it does so slowly through protests
It's a matter of political will this last stimulus was more than the student loan debt and only 300 billion went directly to the people. It is important to this current system that the boot stays on the necks of people meanwhile businesses and large corporations get all the spoils. We are arguing left vs right and it benefits the status quo
Awesome dissertation !! You get a RUclips Phd .
There is a problem for American students, but a prospect for obtaining citizenship elsewhere when attending college in a foreign country. So Americans still have to pay taxes abroad and have restrictions on them if they have student debt. So they can technically be expatriated if they are aren't paying their debt elsewhere. It is a good idea to stay and attempt their citizenship process elsewhere and renounce the American one because living abroad with unpaid student debt from the US is criminal.
We are not the richest country in the world--we are $25 trillion in debt, with another $200 trillion in unfunded liabilities. We are the brokest people in history--the notion that we should go further into debt to pay for people's "dreams" or to bail out *any* industry or group ignores reality. A collapse is coming that will make the Great Depression pale in comparison, and attending college won't be on anybody's radar when it hits.
Refreshing perspective, disturbing reality.
Costs have actually increased to make adjustments for social distancing and technology. University faculty and staff in SoCal are getting salary and benefit cuts in order to keep student tuition the same.
This is a great interview a thoughtful talk, lack of interruption, not a political spin just facts and perspectives.