No Mercy / No Malice: High Anxiety
20:23 Share

I just don't get IT just wish someone could do the research. Can we figure this out?

Hey all, i'm john lin hill and i'm a hosting a new podcast advice called explain IT to me. Here's how IT works. You call our hot lying with questions you can't quite answer on your own. We'll investigate and call you back to tell you what we found will bring you the answers you need every wedding day starting september eighteen th. So follow explaining to me presented by clavo.

Hello, i'm a peral psychologist and host of the podcast. Where should we begin which deals into the multiple layers of relationships, mostly romantic. But in this special series, I focus on our relationships with our colleagues, business partners and managers, listening as I talk to co workers facing their own chAllenges with one another and get the real work done. Tune into housework, a special series from where should we begin? Sponsored by.

Support for this podcast comes from clavo. You know that feeling when your favorite brand really gets you deliver that feeling to your customers. Every time play, vio turns your customer data into real time connections across AI, power, email, SMS and Moore, making every moment count over one hundred thousand brands. Trust lab, OS unified data and marketing platform to build smarter digital relationships with their customers during black friday, summer, monday and beyond. Make every moment count with clivia learn more at K L A V I Y O 点 com， flash B F C M.

I'm scot galloway, and this is no mercy, no mouse college is a wonder drug college admissions is a nightmare, high anxiety, as read by George hn.

I just returned from the U. S. And was struck by how tense things are.

IT feels similar to what I imagine the mood was during the vietnam war. So let's take a break and discuss something even more stressful. College admissions.

Yeah, last week I did a college tour with my son. He was a chance for us to bond and bask in the infinite possibilities that stretch out in front of him. The previous sentence is a lie.

The college missions process has kicked off two years before he sets foot a campus. And it's already a flaming bag of shit, where a flaming bag of shit is a ton of unnecessary stress. My industry, higher red is corrupt.

And second only to poverty. Regarding preventable stress in U. S. Households, note you likely had the reflection of synapse fire of reducing poverty is not that simple. No IT is that simple.

IT would just mean lower stock Prices and a more progressive tax policy. The in component deploy the illusion of complexity as a weapon of mass distraction from a simple, hard truth. The U.

S. Chooses to let one in five households with children live in poverty. But that's another post. Despite the lie we tell ourselves you don't need college in a vain attempt to opt out of the stress.

Higher education is, in fact, a wonder drug, a pill that extends life, makes you happier, healthier and wealthier, and strengthened your relationships. AmErica is the world's premier manufacturer, producing a compound that appearing no other manufacturer can rival. No nation dominates any industry the way the U.

S. Dominates higher ed. Millions come to the us. To access this drug. In a rational world, we'd scale IT. Instead, we sequester IT behind I V covered walls and tuition that commands a gross margin of ninety percent plus.

And for centuries we prescribed this curl exclusively to White men, despite a six percent increase in applications this year. There's a narrative questioning the value of a college degree. I'm often asked his college worth the Price.

My answer, mostly yes. My hunch is that decades of news stories about four profit scm schools, student loan dead and income inequality have died. The college brand, as those narratives speak to a sense of stagnation for people who once viewed universities as an on rap, to a wealthy lifestyle.

In a digital economy where everyone has access to everything, there are more students applying to the top schools, giving the top schools access to Better students, all of which creates an upward spiral of strength among the strong lower tear. Schools, however, are struggling. Since twenty, twenty sixty four colleges have either closed or merged.

Meanwhile, the myth of education always pays off has been busted at tier two schools, many of which offer a hunt for a Mercedes Price. The strongest brands in the world, M, I, T, apple air, as the U. S, are built on the artificial choking of supply via rejectionist admissions, premium pricing strategies, limited production and rationing visas, respectively.

My business intelligence firm, l, to advise nearly every luxury business the firm was founded on a simple premise. Prestige brands traded higher multiples of revenue due to increasing income inequality and their ability to manufactures. We sold the company in twenty seventeen for eight times, revenue mirroring our client base.

We were disciplines ed about pricing and said no to many potential clients. My first consulting firm profit said yes to every client, and it's sold for two point eight times or revenue. IT was the right decision at the time, as I didn't have the capital to utter the sexist word in the english language.

No, saying no is the correct strategy for a consulting firm or a luxury brand, but not for a university yet the top two percent of institutions have decided they are luxury brands, saying no to more than ninety percent of their applicants. When I applied to U. C, L. A, the acceptance rate was seventy six percent last year. IT was nine percent throughout .

the second half .

of the twenty of the century. Higher education was the key that allowed remarkably unremarkable kids like me to unlock america's promise of upward mobility. Today, higher red is a bouncer at the entrance to an exclusive club where wealthy kids in a ady of freakishly remarkable eighteen year old D.

S. Build lasting relationships and lucrative networks with elite ite peers while obtaining certification that gives them access to the greatest wealth generating vehicles in history. S M P.

Five hundred companies. In my software year at uc A, I learned my limits were not my real limits. Crew realized that would not be a doctor.

Chemistry became less insecure about my insecurities. Psychology fell in love for the first time and developed resilience. Heart broken. I'd like to think all these things would have happened, whether or not I attended college, but they likely wouldn't have happened in such a safe enjoyers place. But my sense is the college experience isn't as appealing as IT once was.

The university of michigan, for example, is a world class institution that also provide students with the college experience, except there's something rotten in an arbor. Michigan invested two hundred fifty million dollars in D. I programs over the past decade.

The result, more conflict, a culture of grievances and a thirty three x increase in complaints involving race, religion or national origin. Meanwhile, michigan's pro palestinian student assembly voted to withhold one point three million dollars in funding for student activities until the university divested from israel. Two months into the false semester, the same student assembly reversed course when they realized defunding ultimate should be made zero fucking sense in response to palestinian activists accused the assembly members of complicity in genocide.

IT may be this march of the zombies at elite ite schools. That explains why southern universities experienced a thirty percent jump in applicants from kids in the northeast between twenty eighteen and twenty twenty two. Georgia, forty eight percent acceptance rate, clemson, fifty one percent acceptance rate, and alabama, eighty three percent acceptance rate aren't ellide schools, but southern schools are generally less expensive and seen as less political.

They're also more likely to embrace the traditional college experience, I E, football games, greek life and fun. State schools have registered in eighty two percent increase in applications since twenty nineteen as they offer a Better value. The wales of high tuition prestige universities are international students at nyu.

They constitute twenty two percent of our student body and likely half our cash flow as they're in eligible for financial aid. We claim we let them in for diversity. This is bullshit.

International students are the least diverse cohorts on earth. I E. They are the richest kids on campus. Letting in the daughter of a tawana SE private equity billionaire isn't helping diversity, but claiming IT is illustrates just how far we fAllen from the original goal of affirmative action.

Note international PHD students, whom we pay are some of the most impressive Young people on the planet. In one thousand, nine and sixty, harvard yield and princeton had a total of fifteen black students out of a combined enrollment of three thousand. That was a problem, and shifting to raise based admissions made sense.

In twenty twenty four, sixty five percent of students at harvard identified as non White. The ivy league as a whole now scores high in the U. S. News and world report diversity index.

This is a wonderful thing as black students, along with asian women, lgbtq people and folks from other groups, have historically been excluded from elite colleges, but at this point, the cost of race based affirmative action outweighs the utility. Affirmative action should be based on one colour Green. It's poor kids who need to hand up identity politics have been weapon zed by A D I apparatus on campuses that doesn't translate to progress, but student debt.

When the university of california system banned a formative action in nineteen ninety five, the number of black and latta o first year students plunged by nearly half A U, C, L, A and U, C, berkeley, but over time, the numbers rebounded by twenty twenty one. U, C, L, S, first year class included more black students, three hundred forty six or seven point six percent. Then it's nineteen nineteen ninety five class to fifty nine or seven point three percent, while the U.

C. Chancellor submitted in amaker brief supporting a firmament action at a ete private schools, they achieved similar results by implementing an admission guarantee to top performing students statewide as well as an admissions process that factors in the location of an applicants home in high school. While the supreme court band race based admissions, affirmative action for the rich A K A, legacy admissions continues.

Not so fun fact, eee schools began using legacy admissions in the one thousand nine twenties, along with standardized tests, interviews and extra curricular activities, to keep out jews despite its ugly origins. More than half the schools in the us. Continue to use legacy admissions, and forty percent of students nationwide benefit from such preferences.

At harvard, legacies accounted for thirty six percent of the class of twenty twenty two culture wars center, the fight around race based preferences, but delete universities are businesses. And the only color that really matters is, again, Green. For loyal, wealthy customers, the legacy advantage is remarkable.

Here's the thing. I don't have a problem with legacy admissions. When I was at host, there was a student who was obviously a legacy I, either billion or father donated to get them into business school.

That's a good thing if the money is used to expand access for other students. My problem with higher education is that we're horse who aren't transparent about being horse. Many faculty and administrators four go higher paying careers as they believe in the mission.

Most, like the rest of us, wake up every day and ask, how can I increase my compensation while reducing my accountability? They found the answer in the L V M H strategy. Only hitch college degrees aren't broken bags, and higher red is not only the best path to economic security.

IT will also shape the view of many, if not most, of the people running the world for the next century. The last time I wrote about higher red, I receive three cease and desist letters from universities. We said we're likely to perish dei ethics, sustainability leadership and near anything with the worlds studies.

And its title is no longer about helping people but welfare for the over educated. Here's the dirty secret. Using A I software, the abolishment of ten year higher standards for faculty, we could cut costs thirty percent and tuition conservatively in half.

We wouldn't need student debt bailout because kids wouldn't need student loans. Five states in a handful of elite at schools recently banned legacy admissions. My profile markets, cohoes at elson believes the practice will be gone in a few years as donations no longer guarantee acceptance.

I disagree. Donating isn't entirely transactional. When I gave to U. C, L, A and U. C.

Berkeley, the chancellors were explicit a donation wouldn't make IT easier for my kids to get in. In fact, IT likely makes IT harder. And that's fine.

I donated to give an overdue nod to the california and american taxpayers who invested in me. I also donated out of vigo. IT wasn't an anonymous.

Being a provider makes me feel masculine still. Ed has a point about why many people donate. Last year saw two percent drop in private donations to universities.

Despite the strong economy and the market hitting new hives. The one point five billion dollars that might otherwise i've gone toward donations is likely up for grabs. As parental admissions anxiety is closely correlated with the size of your bank account, such anxiety will likely supervise the emerging college mission consulting complex soon.

IT won't be an advantage to hire a consultant, but a disadvantage if you don't. I'm not suggesting we shouldn't have allied schools that have exceptionally high standards. But embracing a four profit business model, more suit for pandora than a public service, unnecessarily restricting supply for money and ego is just plain wrong. We have the pill, the miracle drug.

Any university that has an endowment ment over a billion that's not expanding its freshman class faster than the population should lose its tax free status as they are no longer a place of learning but a hedge fund offering, classes and schools should be on the hook for fifty percent of bad debt from student loans. I can imagine the economic stress left across american households who don't have a spare two hundred and fifty thousand dollars lying around IT should be noted that many schools like A, S, U. Purdue, the university of illinois, offer free tuition to students who meet minimum academic requirements.

Also, seventeen states provide tuition free vocational programs via community colleges. If grief is loves souvenir, the anxiety is loves tax. I never cared much about anything until I had boys, but now i'm anxious all the time, despite having the funds for my boy's education, we've lost the script.

The leadership .

and faculty of elite te universities have morphed from public servants to burking bags. Whether you're a stressed kid in high school, a family saving for college and anxious parent, a college grad or drop out struggling with student debt is difficult to discharge in bankrupt, or someone being asked to bail out, someone who had opportunities not afforded to you, we are all paying the Price.

Life is so rich.

Support for this podcast comes from strike. Strike is a payments and billing platform supporting millions of businesses around the world, including companies like uber, bmw and door dash. Stripe has helped countless startups and establish companies like reach their road targets, make progress on their missions and reach more customers globally. The platform offers a sweet specialized features and tools to fash track growth like strike billing, which makes IT easy to handle subscription based charges, invoicing and all occurring revenue management needs. You can learn how striped helps companies of all sizes to make progress at stripe dot com, that stripe dot com to learn more stripe, make progress.

Support for this podcast comes from anthrops. It's not always easy to harness the power and potential of ai for all the talk around its revolutionary potential. A lot of AI systems feel like the design for specific tasks performed to buy a select few or claude by anthropic is A I for everyone. The latest model, claude three point five sonet, offers ground breaking intelligence at an everyday Price. Claude sonet can generate code, help with writing and reason through hard problems Better than any model before you can discover how cloud can transform your business at anthropic dot com slash plod.