The job market's message to universities, though long delayed, is starting to arrive.https://eu.jsonline.com/story/news/education/2020/03/04/uwm-offer-second-round-employee-buyouts-since-2015/4953257002/ …
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Do you see this happening to all colleges or are the Ivy's safe (credential + network)?
It will harm all colleges to a degree. The worst half (so said Christensen) will close. But there will be some amount of pressure all the way to the top, as promising students realize they have other options.
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For 20 yrs, there weren't clear alternatives. Thanks to tech, education has reached an inflection point. In the next 5 years, people will wake up to opportunity cost of spending 4 years and $100k vs 2 years $40k for a degree online.
End of conversation
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I actually think many universities will try to adapt by offering lifetime learning opportunities. If you earned a liberal arts degree on campus, get a stem degree online and viceversa. Two degrees for the price of one. MOOC’s for alumni. They need to add more value per dollar
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The real challenge is educating students not immediately seen as promising.
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Colleges are also having problems because all the population growth is happening in the south (from Arizona to Florida) and northwest, while all the schools are clustered inconveniently in the northeast.
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Immigration systems discriminate against people without college degrees. So do public sector jobs. There’s many reasons for the current system to remain entrenched.
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