As higher education costs soar, the gap between wealthy and poor families widens as non-wealthy students are forced to become debt-serfs to pay for college
Higher education is just the latest in a long line of labor-intensive industries with enormous fixed costs that now faces competition from new technologies and new far more efficient systemic processes.
By Charles Smith
There is a
revolution underway in education being driven by digital technology. Like
all technologically fueled upheavals, this revolution requires creative
destruction of the current industry, which is resisting the revolution even as
it attempts to embrace the parts that might preserve the status quo.
This is an
old story: Huge labor-intensive industries with enormous fixed costs face
competition from new technologies and new systemic processes. Those
earning a living within the old industries resist the destruction of the
institutions and cost structures that have supported them, but resistance is
futile, for the new technologies and processes are faster, better, and cheaper,
often by an order of magnitude.
Though the
entire spectrum of education from preschool to doctoral studies is being
revolutionized, I will focus on higher education, which is already being
creatively disrupted by digital technologies. All that is needed to
fulfill the revolution is a parallel advance in systemic processes.
The Old
System: Systemic Scarcity of Media and Knowledge
To understand
the revolution, we need to start with the historical roots of the current
system, which arose from a profound scarcity of knowledge and
instruction. In the ancient world, storing information was extremely
expensive. Even after Gutenberg’s printing press made mass-produced books
available, books remained expensive. Only a wealthy household could
afford to buy more than a few books.
Informed
instruction was similarly limited. Instruction in universities was often
one person reading a text aloud to a classroom of students; this is the source
of Cambridge University’s longstanding academic rank of “Reader.”