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The 30% profit margin University of Phoenix makes is a signal to other investors to enter the field and innovate! This is a feature not a bug of markets. Non-
by nazgulnarsil 15y ago
The 30% profit margin University of Phoenix makes is a signal to other investors to enter the field and innovate! This is a feature not a bug of markets. Non-profit just means they are maximizing more opaque measures of success. Of course the accreditation barriers to entry are still quite innovation stifling.
also, I'd be shocked if WGU doesn't come under fire for 'disparate impact', otherwise known as racism at some point.
- mathgladiator 15y agohow does racism play into this?
- nazgulnarsil 15y agoSorry, talking about the history of standardized testing will get me downvoted. Guess how I know.
- bugsbunnyak 15y agoDisparate impact is orthogonal to education; it's a legal test that applies to employment, in disputes over the direct relevance of a criterion to job performance. This might affect WGU in some 2nd order way if it were claimed that credential requirements have a disparate impact (well duh, enrollment stats), but that claim would apply equally to any tertiary institution. It seems absurd, but I'm curious if that test has ever been tried against a national professional accreditation... Few quick searches didn't return anything.
- drbaskin 15y agoThe 30% profit margin sometimes also signals that there are high barriers to entry. (You already mention what I think is the big one: accreditation.)