The Era We Are In
We are living in a
neoliberal/libertarian era filled with technological change, emotional and behavioral change, and social change. An era resulting in alienation (disconnection/isolation) for the working
class and anomie (lawlessness) among elites and those who serve them. We are simultaneously moving forward with technology and backward with human values and principles. Elites are reestablishing a more brutal world, hearkening back to previous centuries--a world the Higher Education Inquirer has been observing and documenting since 2016. No wonder folks of the working class and middle class are anxious.
Manufactured College Mania
For years, authorities such as the New York Federal Reserve expressed
the notion (or perhaps myth) that higher education was an imperative
for young folks. They said that the wealth premium for college
graduates was a million dollars over the course of a lifetime--ignoring
the fact that a large percentage of people who started college never
graduated--and that tens of millions of consumers and their families
were drowning in student loan debt.
2U, Guild Education, and a number of online robocolleges reflected the neoliberal promise of higher education and
online technology to improve social mobility. The mainstream media were largely complicit with these higher ed schemes.
2U brought advanced degrees and certificates to the masses, using brand names such as Harvard, MIT, Yale, USC, University of North Carolina, and the University of Texas to promote the expensive credentials that did not work for many consumers.
Guild
Education brought educational opportunities to folks at Walmart, Target, Macy's and other Fortune 500 companies who would be replacing their workers with robotics, AI, and other technologies. But the educational opportunities were for credentials from subprime online schools like Purdue University Global. Few workers took the bait.
As 2U files for bankruptcy, it leaves a number of debt holders holding the bag, including more than $500M to Wilmington Trust, and $30M to other vendors and clients, including Guild Education, and a number of elite universities. Guild Education is still alive, but like 2U, has had to fire a quarter of its workers, even downsizing its name to Guild, as investor money dries up. It continues to spend money on its image, as a Team USA sponsor.
The online robocolleges (including Liberty University, Grand Canyon University, University of Phoenix, Purdue University Global, and University of Arizona Global) brought adult education and hope to the masses, especially those who were underemployed. In many cases, it was false hope, as they also brought insurmountable student debt to American consumers. Billions and billions in debt that cannot be repaid, now considered toxic assets to the US government.
Along the way there have been important
detractors in popular culture, especially on the right. Conservative radio celebrity Dave Ramsey, railed against irresponsible folks carrying lots of debt, including student loan
debt. He was not wrong, but he did not implicate those who preyed on student consumers. On the left, the Debt Collective also railed against student loan debt, long before the right, but they were often ignored or marginalized.
Adapting to a Brutal System
The system works for elites and some of
those who serve them, but not for others, even some of the middle class. Good jobs once at the end of the education pipeline have been replaced by 12-hour shifts, 60 hour work weeks, bullsh*t jobs, and gig work.
Working-class
Americans are living shorter lives, lives in some cases made worse not so much by lack of education, but by
the destruction of union jobs, and by social media, and other intended and unintended
consequences of technology and neoliberalism. Millions of folks, working class and some middle class, who have invested in higher education and have overwhelming debt and fading job prospects, feel like they have been lied to.
We also have lives made more sedentary and
solitary by technology. Lives made more hectic and less tolerable.
Inequality making lives too easy for those with privilege and lives too
difficult for the working class to manage. Lives managed by having fewer relationships and fewer children. Many smartly choosing not to bring
children into this new world. All of this manufactured by technology and human greed.
The College Dream is Over...for the Working Class
There are two competing messages about higher education: the first that college brings opportunity and wealth and the second, that higher education may bring debt and misery. The truth is, these different messages are meant for two groups: pushing brand name schools and student loans for the most ambitious middle class/working class and a lesser form of education for the struggling working class.
In 2020, Gary Roth said that the college dream was over. Yet the socially manufactured college mania continues, flooding the internet with ads for college and college loans, as social realities point to a future with fewer good and meaningful jobs even for those with degrees. Higher education will continue to work for some, but should every consumer, especially among the struggling working class, believe the message is for them?
Related links:
More than half of college grads are stuck in jobs that don't require degrees (msn.com)
AI-ROBOT CAPITALISTS WILL DESTROY THE HUMAN ECONOMY (Randall Collins)
Edtech Meltdown
Guild Education: Enablers of Anti-Union Corporations and Subprime College Programs
2U Declares Chapter 11 Bankruptcy. Will Anyone Else Name All The Elite Universities That Were Complicit?
College Mania!: An Open Letter to the NY Fed (2019)
"Let's all pretend we couldn't see it coming": The US Working-Class Depression (2020)The College Dream is Over (Gary Roth, 2020)
