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by jkhdigital
3 days ago
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The dirty little secret of EdTech is that there is no money in improving learning because there is no way to capture the value. For all but a handful of highly specialized and insular professions, there is no scalable infrastructure for objectively assessing skill mastery. Most learners don’t want to learn for its own sake, they want a credential that proves their value to potential employers. All of the value in learning accrues to the credential, and everyone in the educational establishment is quite happy reserving that privilege for the accredited universities because they can just bundle more and more products and services into the tuition sticker price without ever having to justify it. Oh, and the student loan racket ensures that enough students are price-insensitive that they’ll never look for alternatives. |
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They're just outside of K-12 and Academia, who don't necessarily keep the gap close to the real world and it's needs post-graduation
The value in learning is what you do with it, the credential can be a part of the journey but not always. People were definitely about the brand, and it's value, of the stamp of a piece of paper, however given the experience of recent graduates the past 5 years, it's revealing itself to not be an aberration that's going to give way to the 500-1000 years preceeding it.