RE: The University sector is going to get wrecked by the coronavirus
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Technological shifts are going to destroy the industry.
Look for most education to start to take place online. The idea of going away for 4 years to get a degree so that you can just get a job makes no sense.
But for a few disciplines, most can be done online. This will really explode as video conferencing improves greatly.
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I agree. The thing is, people won't pay the same for online learning as they do for face-to-face tuition. So unless they lower the standards for who gets into the university, in order to get the number of students up, these universities are going to be making a fraction of the money they used to make.
There will be a lot of them that go out of business.
In the United States, I am guessing more than 30% of the for profit universities go under. I would surmise it is the same all over the world.
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