[FRIAM] "higher" education

[Frank Wimberly]

The mean household assets of the 1% exceeds $10 million.  My wife and her
brother both graduated from Harvard.  Their parents paid for their expenses
out-of-pocket.  My in-laws were nowhere near the 1%.  My FIL was an
attorney and a member of Governor Kerner's Human Rights Commission.  My
wife's mother was a freelance writer who had published a couple of books
and many articles in popular magazines.  Both my wife and my brother-in-law
received excellent educations.  Yes, Nick, they were well-educated before
they got to Harvard.

Frank

---
Frank C. Wimberly
140 Calle Ojo Feliz,
Santa Fe, NM 87505

505 670-9918
Santa Fe, NM

On Fri, May 29, 2020, 9:08 AM Prof David West <profwest at fastmail.fm> wrote:

> Scott Galloway (professor at  Stern School of business and supposed
> authority) on universities post COVID.
>
> Fifty percent of the investment in prestige university education is for
> 'certification' —  degree that signals your lifetime earnings. The Harvard
> brand is strong enough that students will accept an inferior educational
> experience. The fifty biggest university brands, Harvard, Stanford, etc,
> will partner with tech giants like Apple or Facebook to create a hybrid
> university, most others will hollow out and die like the large department
> store chains. Dorm life and in-person experience will be reserved for
> children of the 1%.
>
> Pretty bleak and a commentary on previous FRIAM conversations about
> education and elite universities.
>
> davew
>
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