Colleges and universities must shift from macro credentials with high social signal strength and low skill signal strength to micro credentials with low social signal strength and high skill signal strength. If they do their part, educated will no longer signify elite. It will mean skilled, and everyone has skills.
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Online training initiatives aren’t a panacea and may end up doing more harm than good if they act as a palliative, convincing large, fast-growing employers that their work here is done.
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Stating that higher education is not principally (or at all) a private good is ludicrous. R.B.G.’s opinion in the VMI case is all about ensuring that the “unique education benefits” of a VMI education are made available not to some amorphous collective, but to specific individuals who – regardless of gender – meet admissions standards.
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Technology isn’t changing higher education directly, but rather in a roundabout way: initially by changing the skillsets employers are seeking in new employees, then by digitizing hiring, and now via the work from home revolution.
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Due to the failure to improve remote learning, by winter the expensive 2020-21 bundle will come across like the worst Christmas basket ever: no candy canes, hot chocolate, or marshmallows – only stir sticks.
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Why don’t we have a national student unit record system? Does a shadowy cabal of government officials want to know how many credits you have in order to transfer them to pedophiles? Conspiracy thinking is killing college and our country.
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Employers need to be confident candidates are much more likely to create value quickly than cause problems or churn within a short period of time. But traditional postsecondary education is hardly the most powerful lever to accomplish this.
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Covid will reveal the man behind the curtain; the magic of the tuition and fees bundle will be gone, and price elasticity among students and parents will increase dramatically. Magic is nice, if you can afford it. And in a Covid economy, fewer families will be able to.
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Colleges and universities would be wise to end the flim-flam now and keep students away from campus this fall.
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During the worst economic crisis since the Great Depression, protests are unlikely to help colleges deliver the improved economic outcomes that students desperately need.
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