ken d
Hall of Famer
Posts: 17,504
Joined: Dec 2013
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I Root For: college sports
Location: Raleigh
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RE: Duke, Georgetown suspend retirement contributions for a year
Higher education in America was already on the brink of a major restructuring even before COVID-19. Closings, mergers and reduced course/degree offerings were going to escalate sharply over the next decade or so. This pandemic has only accelerated the timetable for this trend. Ironically, it also gives schools and states political cover to do what they knew they needed to anyway.
The challenge will be for our economy to find ways to adjust to a new reality in which many students will be entering the workforce sooner. Nationally, we may need to rethink our strategic needs. The idea that we didn't have the manufacturing capability in place to quickly produce something as simple as protective masks and gloves is scary. How many other strategically important items are no longer manufactured in America? Maybe we need to accept some higher prices to be sure we aren't at the mercy of a potential adversary like China. I'm not sure America has the collective will to do that.
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05-18-2020 08:04 AM |
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