Today we look at the first signs of collapse in the business model of America’s universities. The For More Information section has a wealth of information about the crisis in education (and links to posts about the crisis in journalism).
Structural Change
More education as a solution for America
The universities act like vampires, bleeding their students
The law of supply and demand strikes back
Articles about the collapse of universities
For More Information
More education as a solution for America
Decades of falling real wages has sparked a frantic scramble by youth (and increasing numbers of older people) for undergraduate and advanced degrees. In July 2009 I wrote that this made sense for an individual — but could not work for a nation, and would not end well.