“It started a while ago. The question is the degree to which Covid etc. will hurry change along. The current system isn’t sustainable.”
Colleges and universities were already facing mounting financial pressure because enrollment is steadily declining and certain to get much worse in the coming decade (the result of falling birthrates back at the time of the housing crash in 2008-09). Add to this the financial hit they are taking right now because of the virus, on top of the huge loss this year of foreign students who typically pay full tuition rates and subsidize other students, and a large number of colleges and universities face a serious risk of insolvency.
“If this continues, expect tenured faculty to get serious pay cuts & to finally have to justify their existence & the USEFULNESS of their so-called ‘research”-Taleb
“The Pseudo-liberals monopolize the teaching jobs at many universities. Only men who agree with them are appointed as teachers and instructors of the social sciences, and only textbooks supporting their ideas are used.”-Mises