S1E50 / The Post-Pandemic College Experience / Scott Galloway & Michael D. Smith

EPIDEMIC with Dr. Celine Gounder

KFF Health News and Just Human Productions

Society & Culture, #Eradication, Medicine, #Covid, Science, Life Sciences, #Sarscov2, Documentary, #Coronavirus, #Covid19, Health & Fitness, #Smallpox

4.6 • 1K Ratings

🗓️ 6 November 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

"There's this toxic cocktail of low endowment per student, high tuition, low experience, low certification... Those universities could be out of business in a year." - Scott Galloway Coronavirus concerns forced many universities to close their campuses this fall. The mix of fewer students on campus, canceled athletics, and online courses is threatening the viability of many traditional colleges and universities. But the pandemic is also creating opportunities to re-imagine what higher education could look like in the future. This first episode in our series on COVID's impacts on the economy looks at why some schools are so vulnerable, the next big thing in online education, and how these schools can pivot in a post-pandemic market. This podcast was created by Just Human Productions. We're powered and distributed by Simplecast. We're supported, in part, by listeners like you. #SARSCoV2 #COVID19 #COVID #coronavirus

Transcript

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0:00.0	Our diplomas are no longer going to be as valuable as they've always been because
0:09.6	employers are going to have different signals available to them to evaluate how smart and how
0:14.6	well motivated students are.
0:17.3	There's this toxic cocktail of low endowment for student, high tuition, low experience, low certification.
0:24.0	Those universities could be out of business in a year. Welcome back to Epidemic, the podcast about the science, public health, and social impacts of the coronavirus pandemic.
0:46.0	I'm your movie Goodwill Hunting. It takes me back to my residency days in Boston.
1:09.0	In case you've never seen it, Matt Damon plays a young self-taught math genius who works as a janitor at MIT.
1:16.0	Do you like apples?
1:20.0	Yeah.
1:24.7	Well, I got a number. How do you like their maps?
1:27.0	I did my residency at Mass General,
1:31.8	and there was a bar just across the river that I used to go to in Cambridge.
1:35.2	A famous scene from the movie was shot there.
1:38.0	Matt Damon's character Will stands up to a snobbish bully who tries to embarrass one of his friends.
1:45.0	You dropped $150 on a fucking education you could have got for a dollar 50 and late charges at the public library.
1:52.0	Yeah, but I will have a degree and you'll be serving my kids fries at a drive-thru on our way to a skiing trip.
2:00.0	Yeah, and that that seems so crushing, right?
2:03.0	This is Michael Smith.
2:05.0	Will hunting has a world of talent,
2:09.0	but he doesn't have the money to demonstrate that talent to the market.
2:13.6	Will hunting is not alone in our current world.
2:18.0	Michael is a professor at Carnegie Mellon.
	...

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