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That’s like comparing for-profit higher ed and not-for-profit higher ed. Both are entirely motivated by money; one just is overt about it. Everyone is all abo
by garciasn 2y ago
That’s like comparing for-profit higher ed and not-for-profit higher ed.
Both are entirely motivated by money; one just is overt about it.
Everyone is all about making the most money in the fastest way possible and few truly give a hoot about the people they use to achieve the goals.
- danudey 2y agoBoth are motivated by money, but only one is motivated by profit. The drive to increase profits over and over, year over year, indefinitely is to the detriment of society as a whole. Meanwhile, not-for-profit entities like credit unions don't need to justify not making an extra few billion dollars this year compared to last year, meaning they're less likely to make customer-hostile moves for their own sakes.
- AlbertCory 2y agoWhat no one has stated so far is: jobs and salaries at non-profits have almost no discipline applied to them; market or otherwise. If they lose a little more money this year: ok, so what? WETA (the public TV station) paid Sharon Percy Rockefeller $855,000 in 2022. The 12 highest paid employees all made more than $300,000. Maybe they are all "worth it" but how could you prove that WETA wouldn't function just as well at median salaries for everyone? https://apps.irs.gov/pub/epostcard/cor/530242992_202206_990_2023051921274957.pdf https://apps.irs.gov/pub/epostcard/cor/530242992_202206_990_... (page 71)
- BobaFloutist 2y agoThat's funny, because for-profit higher ed is notoriously, almost comically inferior in its product, how it treats its customers, and its fundamental soundness to not-for-profit higher ed. Strange example to use.