This reminds me of a New Statesmen article about UK universities[1], which point out university attendance has gone up 500% since 1990 and First class honours went from being awarded to 7% to being awarded to 29% of students. Either universities figured out a way of being 4x as effective teaching 5x as many students (with measurements for average intake attainment basically flat) - which would be a miracle. Or the marketisation of higher education has incentivised selling the long term reputation of the institution.
By changing the institutions incentives, we've managed to destroy the educational value of the institutions themselves - because we no longer incentivise it.
By changing the institutions incentives, we've managed to destroy the educational value of the institutions themselves - because we no longer incentivise it.
[1]:https://www.newstatesman.com/politics/education/2019/08/grea...