Higher Education's Monopoly on Credibility Is Ending | Business | TIME.com | ANALYZING EDUCATIONAL TECHNOLOGY | Scoop.it
The times they are a changin’, and in this essay, I’d like to suggest they are changing in a way that has massive implications for education: sources of credibility—once the domain of expensive degrees–are becoming democratized, decentralized, and diversified.

In the past, there was pretty much one way to gain credibility: get some letters after your name, from as fancy an institution as possible.


Now, in 2012, I’ve seen dozens of young people who don’t even have college degrees use the following tools as sources of credibility in the business world:

* A track record of having started one or two successful businesses, even if they were small.
* Industry-related blogs with well-written, lively, detailed posts, which receive many comments and tweets/likes/shares per post.
* An impressive About page on a well-designed personal website
* Large, legitimate, real followings on Twitter, Facebook, YouTube, and other social media networks.

Clearly, any discussion of higher education needs to distinguish between two basic and distinct concepts: learning, on the one hand, versus credibility about having learned. Learning is and always has been available all around us, at every age and life stage, often inexpensively or even for free.


While learning has always been available around us, inexpensively, free (or even paid on the job), until recently, sources of credibility have been highly centralized, and highly expensive. There was basically only one source: higher education. The more elite, the better. The Internet, however, is “changing everything,” as news stories tell us each day. One way it’s changing everything revolves around the concept of credibility. Simply put–and much to the consternation of college administrators everywhere—the Internet is taking away higher education’s centuries-old monopoly on granting credibility. 


To use a beloved buzzword of the Internet era, in most fields beyond traditional professions, credibility has become “disintermediated.” The gatekeepers and middlemen and cattle-herders of credibility (i.e., college admissions officers, professors, and bureaucrats) are finding some stiff competition from cheap, on-the-fly, decentralized solutions: via WordPress, YouTube, Facebook, Twitter, LinkedIn, and LLC forms (i.e., the ability of nearly anyone, anywhere, to start their own business.


“But employers demand formal credibility,” I can hear skeptics saying. True, and they also used to demand white skin, and male private parts. It’s all changing. In addition to the valiant efforts of civil rights and women’s movement pioneers of the past, at a certain point, simple business logic also began (and continues) to prevail: Any firm that continues to insist on hiring only white males is missing out on oodles of non-white and female talent, and thus, is putting itself at a distinct disadvantage against its more open competitors. 




In a like manner, as more and more bright, talented young people explore various forms of self-education outside of formal institutions (due in large part to the increasingly ridiculous amounts of student debt and tuition associated with those institutions), the employers who continue to insists on stale paper credentials are increasingly missing out on some of the most dynamic, innovative minds of today’s youth.


Furthermore, a lot of these brilliant young minds aren’t seeking employers anyways. They’re seeking to become employers right away, bypassing the whole corporate ladder out of the gate.

In the midst of a massive jobs crisis, I can only view this as a good thing. America needs jobs, which means America needs to groom the next generation of job creators. One way we adults (including educators, parents, business leaders, and politicians) could aid in that process is by promoting the idea that creating a business is a worthy sphere of learning–as worthy as a classroom or a college curriculum.

We could also stop promoting the idea that college is a necessary credential for starting a business. It just isn’t. Nor is it clear that college is even that helpful in that endeavor–compared to other ways a young person could learn about starting a business (such as, for example, starting one.)

Let’s cut the BS about needing to learn everything important you’re ever going to learn in life between the ages of 18 and 22 while enrolled in college. And while we’re at it, let’s cut the BS about how a BA certifying these four years is the only form of credibility.

Read more: http://business.time.com/2012/07/12/the-glorious-end-of-higher-educations-monopoly-on-credibility/#ixzz22IznY33F



Via susangautsch