In the Internet age, "intellectual property" of all kinds is an especially good fit for demonetization because if it's too difficult or expensive to get people will just "pirate" it, delivery is free/cheap anyway, and it's easy to attach ads to it. I'm not so sure that this trend extends to tangible property, at least not in the same way. I have heard that the younger generations are more inclined to live cheaply, rent instead of buy, etc., but I wonder whether this is an actual change in demand or just due to lack of opportunities / purchasing-power. To the extent that people actually are spending less money to achieve the same life-satisfaction, this is a very positive trend which will lead to increased overall productivity.
I'm curious about this trend in education, is it possible that education could follow this trend? I wonder more about at the collegiate level could remote learning take over?
In my experience, most (not all) university classes are basically taught from the textbook. If you have the discipline to self-study a textbook, then it has roughly the same effectiveness in many cases. For courses which fall into this category, university is mostly a
motivational tool to get you to really study the book so that you get decent grades and don't waste your tuition. Considering the high university drop-out rate and student loan debt in the US, better and less expensive motivational tools may exist...
Furthermore, I think that both high schools and universities aren't worthwhile for the vast majority of people who go to them. The exact path which each person would be best-off taking varies, but IMO the average person would be better-off dropping out of high school ASAP and then combining a part-time job with self-study, online courses, community college courses, etc. in their areas of interest. Education is important, but high school especially is 90% babysitting and only 10% education - a big waste of time.
With that in mind though, the only reason that education is really needed is because employers deem it necessary. As it's an easy way to be able to weed out employees that aren't qualified -- that's the same reason that colleges and universities make prospective students take the SAT/ACT, as it's an easy and cheap way for them to weed out students without having to develop a model to 'standardize' grade from around the entire country.
Education could be changed INSTANTLY and FOREVER, through the people in business saying the simple words of 'fuck that' lets just hire people based on character and whatever other criteria they deem appropriate compared to a degree on a piece of paper. Though -- I doubt that's going to change that quickly, unless the people in business start to notice a degradation in quality in the workforce of those that have degrees.
Those in all sectors benefit from the current bloated education system. Those in government are able to promise large amounts of benefits for those going to college, such as guaranteed loans from the federal government, TO EVEN A POTENTIAL FOR FREE COLLEGE (Bernie). Government officials are able to say that they're getting more and more people into college, the general population then keeps voting these people into power.
But wait, there's more people that are benefiting from the current (screwed up) system. Colleges! They've become more and more top-heavy in the past couple decades. In simple terms, this means that they've been increasing the amount of administrators at their schools while barely increasing the amount of professors and other teaching staff. They've also been able to increase prices for education, as guaranteed loans from the federal government mean they're going to get paid no matter what.
But that's not all, the banks who are sending out these loans are also able to make a good amount of money on the interest payments on these kids that are going to colleges for absorbiant amounts of money. Don't forget, GUARANTEED BY THE FEDERAL GOVERNMENT.
People forget that in the real world, (most likely) those that are going into college with no income aren't going to be able to get a loan for 40k a year with no proof of future income -- though the Federal Government guarantees loans (which is popular with the voters, so EVERYONE can go to college) so the banks don't care about what they're signing off on as they know they're getting paid either way.
But who gets fucked in this situation, the taxpayer, and the kids that are left in gross amounts of debt. Taxpayers are paying for these people to go to college before they're able to pay (as you don't make one payment before you actually leave college) and the future grads (or maybe they won't even graduate) are stuck in an exorbitant amount of debt for an education that is necessary to get a job but probably wasn't 'worth it' if you look at the amount they paid. What a crazy world we live in.
Everyone makes money, and there's no reason to change. I think I may make a individual thread where we can talk about education and policy surrounding it, seems interesting.