cross-posted from: https://lemmy.zip/post/1806644
Archived version: https://archive.ph/nFSSK
Archived version: https://web.archive.org/web/20230823162005/https://therealnews.com/this-public-university-just-announced-massive-layoffs-is-all-higher-ed-at-risk
Yeah, but the pain isn’t going to be universal. For profit universities aren’t doing well already and I expect them to do worse over time. I expect a lot of non-profit private liberal arts universities to go bankrupt unless they turn into foreign student visa centers. There will probably be some consolidation of public universities, but nothing really bad.
I expect college to get a lot cheaper as the available student pool doesn’t recover from the millennial echo boom.
“The market will self-correct,” I tell myself, despite all evidence to the contrary (the total lack of an incentive for monopoly capital to lower prices in a bourgeois dictatorship). “The market will self-correct. The market cannot fail us. Only we can fail the market.”