Article; Are Universities the New Automakers?

Lerner · Jun 18, 2013

Are Universities the New Automakers? - Yahoo! Finance

NEW YORK (MainStreet)—The American automobile industry was once the envy of the world. But the automobile companies and their workers gradually slipped into complacency. Eventually, the industry was characterized by increasing costs and decreasing quality. The workers and executives earned more, but produced less.
Soon their product was inferior to that of Germany and Japan. Eventually, companies became bankrupt and - were it not for the American taxpayer – would have been dispatched to the ash heap of history.
It seems that the American education system, while currently still the envy of the world, is following that same trajectory. The quality of education produced by America's institutions of higher education is inversely proportionate to its cost. Moreover, questionable business practices tarnished the reputation of some universities.
Also see: Will Student Loan Interest Rates Double?>>
In fact, according to a 2007 report by the Commision on the Future of Higher Education, the greatest increase – i.e. the greatest impact of tuition increases-- is for those in the lowest income quartile.
But just as significant as the increase in costs and debt burden, the report notes that the quality of the product of colleges – like public schools – is inferior. It states, "Over the past decade, literacy among college graduates has actually declined. Unacceptable numbers of college graduates enter the workforce without the skills employers say they need..."
Click to expand...

03310151 · Jun 18, 2013

Betteridge's law of headlines.

"A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious or over-sold. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit"

SteveFoerster · Jun 18, 2013

Betteridge's law of headlines usually is said to mean that any headline in the form of a question can be answered "No."

A recent exception was from the Washington Post: Has the US become the type of nation from which you have to seek asylum? where the author explicitly concludes that the answer, sadly, is yes.

AUTiger00 · Jun 18, 2013

Our higher education system is still the envy of the world. Chinese universities are failing and recent graduates there have an unemployment rate 4x higher than those that didn't attend university. Anyone with means is still coming to college in the US, Europe and to a lesser extent Australia.

Log in or Sign up

Article; Are Universities the New Automakers?

Lerner Well-Known Member

03310151 Active Member

SteveFoerster Resident Gadfly Staff Member

AUTiger00 New Member

Share This Page

Log in or Sign up

Article; Are Universities the New Automakers?

Lerner Well-Known Member

03310151 Active Member

SteveFoerster Resident Gadfly Staff Member

AUTiger00 New Member

Share This Page

Useful Searches