Fascinating and rather detailed prediction about how covid-19 will precipitate a complete upheaval of the overpriced US university system. https://nymag.com/intelligencer/2020/05/scott-galloway-future-of-college.html …
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“What drives those margins? Not education. It’s credentialing. The most value-added part of a university is not the professors; it’s the admissions department. They have done a fantastic job creating the most thorough and arduous job-interview process in modern history.”
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“The cruel truth of what pretends to be a meritocracy but is a caste system is that your degree largely indicates or signals your lifetime earnings.”
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Also: covid19 will hit US universities hardest in 2 of their most profitable areas: (1) sports programs (2) foreign students (who don’t qualify for financial aid). Sports probably bounces back. Foreign enrollment may not.
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