Gongol.com Archives: May 2020
This actually gets to the heart of an existential question: What does college tuition really buy? Study time? Social exposure? Status? Access to a curriculum? Professorial time? A signal to employers (a diploma)? And is the whole greater than the sum of the parts? A lot of institutions of higher learning have a whole lot to grapple with. These are questions that aren't going to simply evaporate, and the longer it takes for the virus to be contained (either by treatment or by a vaccine), the greater the penalty for failing to take a hard look at the answers. ■ The pandemic forced the whole of higher education to make a radical shift in delivery, and it's been quite obvious that the change was one that had been institutionally resisted at a titanic scale -- far more so than many other industries have been able to resist the changes brought about by Internet access. ■ Here's the big question: How much of the massive growth in the cost of higher education been tied to quality improvements in the core product? And, just as there are ways of letting consumers engage in price discrimination on, say, an airline flight (first class vs. coach, early-purchase vs. last-minute fares, upgrades for baggage, and so on), will we see the college universe start to break up their prices in similar ways -- with a "core" price for tuition that includes online delivery only, with "upgrade" prices for on-campus experiences?
If a "reality dating show game" is leaving a void in your life, perhaps a book would be a better way to fill it. Or a hobby. Or, really, anything but a video game based on the TV show.
"It will not be denied, that power is of an encroaching nature, and that it ought to be effectually restrained from passing the limits assigned to it." - James Madison
Is this even speculation? Or is there yet another level below that on the scale of serious investing?