... their institutions will no longer even be considered high quality in a few years.
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As a Manager at a major defense contractor in the ‘80s-’90s, I had to interview job candidates sent to me by the idiots in HR. ...Those from Stanford, Harvard, etc., applying for jobs always had salary requirements above what was being paid to people with 15 years of experience in our discipline that had Supervisory responsibility.
The fools had been hoodwinked by the hype from their schools that they could command top dollar on the job market.
At one time in history, the Ivies may have been considered top notch. That’s no longer true! The schools now care more about getting those huge tuition/housing dollars and grants from the government than they do about any of the students.
A friend that went to a small state school worked with a Princeton grad; when they guy boasted about it, my friend said, “Yet here you are doing the same work as me”...