Andy Resnick said:
But the correct problem is not being identified- education is a money-loser, period.
First of all, I disagree. University of Phoenix shows otherwise. If it turns out to be a money loser, then how do we either make it profitable or convince someone to fund it or change the rules of the system so that it doesn't matter. MIT as an institution is enormously profitable. You have companies dumping money on the place left and right to get access to students there.
Socially speaking, education is *incredibly* profitable. One thing that made teaching at University of Phoenix worthwhile is that you could teach someone algebra, and then once they come back to you telling you how they used that at work, you could just smell the wealth that is being generated.
Given that education creates enormous amounts of social wealth, then the hard part is figuring out how to channel that wealth back to fund the education. The way that MIT does it is that it educates its students, makes them rich and powerful, and then they direct some of that wealth back to the university.
There is no way to make education a money-maker except by eliminating the educational component from school.
University of Phoenix has managed to make huge amount of money from it.
This takes many forms: eliminating required laboratory work. Putting classes online. Having the students teach themselves (i.e. small group problem solving sessions).
Yes, yes, yes. It's exactly what MIT is doing and for that environment it works really well there. It might work very badly in other situations, but it works great there.
Students that are successful in the "self-teaching" model are ill-equipped to survive outside of academia, where you are expected to know things.
It's really funny when someone tries to tell you that you don't exist.
At least where I work, you are not hired for what you know. You are hired for what you can figure out. Five years ago, I didn't know *anything* about finance. I knew a lot about supernova iron core collapse, but people figured that if I could learn about supernova, then I could learn what I needed to know about finance. Part of the reason that this happens is that 80% of what we thought we knew five years ago was wrong. About 30% of what we thought we know a year ago is wrong.
In most of the high paying jobs that I know of, you aren't expected to know things. What you know is going to be totally out of date in a year or two. What you are expected to do is to do is to *learn* things and *learn* things very quickly.
The result of removing the educational component means there is no way to ensure the graduating student is competent in anything- which is why there's now a sneaking suspicion that a BS in physics is 'useless'.
Degrees are useless except as a signifier that you can function in a bureaucracy. That's not a small thing, but a BS in French literature will work for that as well as a BS in physics.
If you think the trend is inevitable or even good, then think carefully about what this implies when you see a doc or a lawyer, because this trend is not limited to physics (or even science).
Great! Because it's people like me that are hiring or not hiring students that are pushing it.
Anything you can figure out by googling, you use google. There is no point in getting a doctor or a lawyer to tell you what you can use google to figure out. What you want is a doctor or a lawyer to tell you stuff that you can't use google to figure out.
Anything that you that involves basic knowledge that you can teach via cookie cutter, you can teach someone in India or China to do ten times cheaper than in the US.
ITraining for a profession takes decades of time: your time, your advisor's time, your mentor's time. Nobody pays your advisor for that time.
There is a difference between training and education. What the really high status jobs are looking for are people that can solve problems that no one has the solution to. How do we structure the global financial system so that we don't have another crash? There is no textbook. There are no advisors. There are no mentors. I don't know how to structure the banking system. Ben Bernake doesn't know. Tim Geithner doesn't know. No one knows.
They are doing tasks appropriate to their skill level- and I don't lie to them that they are doing publishable research, or that they are 'junior members of the institution'.
You are making me feel more and more happy that I went to MIT.
The thing about MIT undergraduates is that they do end up with some extraordinarily stuff. There is a lot of stuff that students do that is publishable, and one of the things that I think is great about MIT is that you *are* junior members of the institution.
The thing about MIT is that it's very common to have a situation where you have a student that has a higher IQ or stronger math aptitude than the professors there. Having a high IQ or strong math aptitude does not turn you into a physicist. You have to learn a culture and an ideology, and MIT does a very good job at it. Also, you may be a genius 18 year old with a 200 IQ, but you are still an 18 year old, and there are things that you have to still learn. Yes you can do algebraic topology, but can you ask someone out on a date?
You have undergraduates on all of the faculty committees, and course evaluations are taken very seriously for tenure reviews. Because I was chairman of the course evaluations, I got pretty heavily involved in academic politics at MIT, which was a valuable learning experience.
Yes, I did leave angry and bitter, but I was angry and bitter because MIT was taught a set of ideas and ideals and the institute failed to live up to them, but that's one thing that you learn when you are 20. Your parents are human. Your teachers are human. Your school is human.
But it's *great* that I left angry and bitter, because if I didn't live angry and bitter, I wouldn't be working like hell to make the world a better place. And I'm doing what I think my teachers really wanted me to do. You just can't take a young impressionable kid, fill him with the idea that he is going to be CEO or a Nobel prize winner someday, and then say "sorry, go work for Starbucks" and expect him to go quietly into the night. Hell no. If I have to make the Earth shake and the stars tremble to get what it is that I want, then I will make the Earth shake and the stars tremble.
Any less and I'd be disrespecting my teachers.