Download - Let's Start a Learning Revolution
![Page 1: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/1.jpg)
Let’s Start a Learning Revolution
Michael Karnjanaprakorn, @mikekarnjSkillshare, CEO/Co-Founder
http://skillshare.com
![Page 2: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/2.jpg)
I’m an entrepreneur based in NYC.
![Page 3: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/3.jpg)
Where is our learning revolution?
![Page 4: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/4.jpg)
![Page 5: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/5.jpg)
![Page 6: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/6.jpg)
Today, we’re going to challenge the traditional notion of education.
![Page 7: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/7.jpg)
Why?
![Page 8: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/8.jpg)
Because today the pinnacle of education is getting into college.
![Page 9: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/9.jpg)
And not learning.
![Page 10: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/10.jpg)
Which is a massive social problem.
![Page 11: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/11.jpg)
I’m going to tell two stories around learning and education.
![Page 12: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/12.jpg)
And for fun, I’ll teach you the secret behind being a winning poker player.
![Page 13: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/13.jpg)
The first story starts here...
![Page 14: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/14.jpg)
University of Virginia
![Page 15: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/15.jpg)
Where I took an Economics course on Game Theory.
![Page 16: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/16.jpg)
Which is a theory of competition stated in terms of gains and losses
among opposing players.
![Page 17: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/17.jpg)
Zzz.
![Page 18: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/18.jpg)
Boring, right?
![Page 19: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/19.jpg)
But I memorized everything for the final exam.
![Page 20: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/20.jpg)
And barely passed!
![Page 21: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/21.jpg)
But, I was so focused on passing the test.
![Page 22: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/22.jpg)
I didn’t really learn anything.
![Page 23: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/23.jpg)
I still didn’t understand game theory.
![Page 24: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/24.jpg)
Sound familiar?
![Page 25: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/25.jpg)
Fast forward to May 2010.
![Page 26: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/26.jpg)
I’m in Atlantic City with Annie Duke.
![Page 27: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/27.jpg)
![Page 28: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/28.jpg)
She’s also my poker coach.
![Page 29: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/29.jpg)
Who gave me a lesson on...
![Page 30: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/30.jpg)
Game Theory and Decision Making.
![Page 31: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/31.jpg)
Poker is a game of decision making under conditions of uncertainty.
![Page 32: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/32.jpg)
So, my gains are exactly balanced by your losses (sum-zero game).
![Page 33: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/33.jpg)
And my success depends on the decisions of others (game theory).
![Page 34: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/34.jpg)
As a poker player, my job is to always make the best decisions.
![Page 35: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/35.jpg)
While you make the wrong decisions.
![Page 36: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/36.jpg)
Which is how I win in the long-run.
![Page 37: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/37.jpg)
I’ll break it down for you.
![Page 38: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/38.jpg)
In poker, once you make a bet, the money isn’t yours anymore.
![Page 39: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/39.jpg)
This is called a sunk cost.
![Page 40: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/40.jpg)
So, you shouldn’t make bad decisions on getting it back.
![Page 41: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/41.jpg)
Another example.
![Page 42: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/42.jpg)
How many of you have friends in bad relationships that stay together?
![Page 43: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/43.jpg)
Because they’ve been together for “five years?”
![Page 44: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/44.jpg)
This is another sunk cost.
![Page 45: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/45.jpg)
And a really bad decision.
![Page 46: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/46.jpg)
Because you shouldn’t make decisions based on past investments.
![Page 47: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/47.jpg)
In other words, your friends should break up.
![Page 48: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/48.jpg)
This is the secret to winning poker:
![Page 49: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/49.jpg)
Decision Making and Game Theory
![Page 50: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/50.jpg)
A topic that I found insanely boring turned into the most
interesting topic of all time.
![Page 51: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/51.jpg)
Because it was something I passionately wanted to learn about.
![Page 52: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/52.jpg)
The second story starts with Erica Goldson at Coxsackle-Athens HS.
![Page 53: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/53.jpg)
She gave a valedictorian speech to her 2010 graduating class.
![Page 54: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/54.jpg)
![Page 55: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/55.jpg)
And she said some remarkable things against schooling, like...
![Page 56: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/56.jpg)
“I excelled at every subject just for the purpose of excelling, not learning.”
![Page 57: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/57.jpg)
“We are so focused on a goal, whether it be passing a test, or graduating as first in the class.
However, in this way, we do not really learn. We do whatever it takes to achieve our original objective.”
![Page 58: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/58.jpg)
“This is the dilemma I’ve faced with the American education system.”
![Page 59: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/59.jpg)
I agree with her.
![Page 60: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/60.jpg)
The U.S. education system is fundamentally broken.
![Page 61: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/61.jpg)
So, where does a recent HS graduate go from here?
![Page 62: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/62.jpg)
“9 out of 10 American high school seniors say they want
to go to college.
Source: The World-Wide Expansion of Higher Education in the Twentieth Century
![Page 63: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/63.jpg)
So, how did this happen?
![Page 64: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/64.jpg)
Before the 19th century, there were no systems of public
education.
![Page 65: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/65.jpg)
In 1900, about half a million people worldwide were
enrolled in colleges.
Source: UNESCO (2009)
![Page 66: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/66.jpg)
“Just because a boy wants to go to college is no reason we
should finance it.”
- President Franklin D. Roosevelt, 1939
![Page 67: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/67.jpg)
Today, there are 150 million students today enrolled in
some kind of education beyond high school.
Source: UNESCO (2009)
![Page 68: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/68.jpg)
“We will provide the support necessary for all young
Americans to complete college and meet a new goal: By 2020, America will once again have the highest portion of college
graduates in the world.”
- President Obama
![Page 69: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/69.jpg)
Why is there so much importance on a new
institution like college?
![Page 70: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/70.jpg)
College degree leads to success.
![Page 71: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/71.jpg)
“Over an adult's working life, high school graduates can expect, on average, to earn $1.2 million; those with a bachelor's degree, $2.1 million; and people with a master's degree, $2.5 million.”
Source: U.S. Census Bureau
![Page 72: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/72.jpg)
College also has intangible benefits.
![Page 73: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/73.jpg)
You experience the world for the first time.
![Page 74: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/74.jpg)
You make new friends.
![Page 75: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/75.jpg)
You gain critical thinking skills.
![Page 76: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/76.jpg)
You learn a lot about yourself.
![Page 77: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/77.jpg)
You mature.
![Page 78: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/78.jpg)
All of these are great and needed!
![Page 79: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/79.jpg)
But, let’s paint a new picture of college.
![Page 80: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/80.jpg)
Background Disclaimer: I like college.
![Page 81: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/81.jpg)
Background Disclaimer: I went to college twice.
![Page 82: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/82.jpg)
B.A. from UVAM.S. from VCU Brandcenter
![Page 83: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/83.jpg)
But, here’s my beef with higher education.
![Page 84: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/84.jpg)
We need to debunk the myth that a college degree leads to success.
![Page 85: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/85.jpg)
It doesn’t.
![Page 86: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/86.jpg)
“17M Americans with college degrees are doing jobs that require less than
the skill levels associated with a bachelor’s degree.”
Source: The Chronicle of Higher Education
![Page 87: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/87.jpg)
What’s the value of a degree from college? A job as a waiter?
![Page 88: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/88.jpg)
Richard Vedder from The Chronicle of Higher Education debunks the myth
that a college education will result in higher paying returns.
![Page 89: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/89.jpg)
“The stats have always been skewed for certain subgroups—particularly
relatively disadvantaged groups with low education outcomes—are higher than the average marginal returns to
education in the population as a whole.”
Source: The Chronicle of Higher Education
![Page 90: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/90.jpg)
Focused on a small subgroup of the entire education ecosystem.
![Page 91: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/91.jpg)
Here’s the reality...
![Page 92: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/92.jpg)
Not everyone goes to Harvard.
![Page 93: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/93.jpg)
Harvard only enrolls 20,000 students per year.
![Page 94: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/94.jpg)
18.2M students enrolled in college in the U.S. (2007)
Source: National Center for Educational Statistics
![Page 95: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/95.jpg)
NYU: 50,000 studentsMichigan: 41,000 studentsBerkeley: 35,000 students
UVA: 20,000 studentsStanford: 15,000 students
Yale: 11,000 students
![Page 96: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/96.jpg)
So, where do the other 18M college students go in our country?
![Page 97: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/97.jpg)
Since the pinnacle of education is getting into college.
![Page 98: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/98.jpg)
I believe higher education has shifted from learning to short-term profit
maximization.
![Page 99: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/99.jpg)
500,000 students
![Page 100: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/100.jpg)
Extremely profitable business.
![Page 101: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/101.jpg)
2009 Revenue: $3.7B
![Page 102: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/102.jpg)
Triple the revenue ($800M) of Facebook (2009).
![Page 103: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/103.jpg)
I did learn something in Economics:
![Page 104: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/104.jpg)
When Demand > Supply
![Page 105: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/105.jpg)
$$$
![Page 106: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/106.jpg)
Which is why I believe higher education has shifted from
learning to profit.
![Page 107: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/107.jpg)
![Page 108: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/108.jpg)
In other words, colleges act as corporations like Goldman Sachs.
![Page 109: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/109.jpg)
Speaking of Goldman Sachs.Remember the housing market crisis?
![Page 110: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/110.jpg)
Well, the college bubble is bursting, too.
![Page 111: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/111.jpg)
And it could even be worse.
![Page 112: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/112.jpg)
Students at For-Profit institutions represent only 9% of all college
students, but receive roughly 25% of all Federal Pell Grants and
loans, and are responsible for 44% of all student loan defaults.
![Page 113: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/113.jpg)
There is an inevitable student loan crisis coming.
![Page 114: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/114.jpg)
Need more proof?Check out these headlines.
![Page 115: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/115.jpg)
“Americans now owe more on their student loans ($830B) than
their credit cards ($827B).”
Source: Wall Street Journal, August 9, 2010
![Page 116: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/116.jpg)
“Consumers who have questioned whether it is worth spending $1,000 a square foot for a home are now asking whether it is worth spending $1,000 a week to send their kids to college.”
Source: Wall Street Journal, August 9, 2010
![Page 117: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/117.jpg)
$300B of the $830B student loan debts have been incurred in the last 4 years.
Wall Street Journal, August 9, 2010
![Page 118: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/118.jpg)
To put this in perspective, the US economy is burdened with
$4 trillion of excess mortgage debt, which is 30% of GDP.
![Page 119: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/119.jpg)
At this rate, we’ll break 1 trillion ($1,000,000,000,000)within the next year for student loan debt.
![Page 120: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/120.jpg)
And to make matters worse, the “defaults on student loans are
skyrocketing amid a weak job market and steadily rising tuition costs.”
Source: Wall Street Journal, April 21, 2009
![Page 121: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/121.jpg)
“Default rates for federally guaranteed student loans are
expected to reach 6.9% for 2007. The highest rate since 1998.”
Source: Wall Street Journal, April 21, 2009
![Page 122: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/122.jpg)
“College seniors who graduated in 2009 carried an average of $24,000 in student loan debt.”
Source: Project on Student Debt
![Page 123: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/123.jpg)
“Unemployment for recent college graduates climbed from 5.8% in 2008 to 8.7% in 2009 – the highest annual rate on record for college graduates
aged 20 to 24.” ”
Source: Project on Student Debt
![Page 124: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/124.jpg)
And it’s happening everywhere.Even in our backyard.
![Page 125: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/125.jpg)
“N.Y.U. enrolled students without asking many questions about whether they could afford a $50,000 annual tuition bill.”
Source: The New York Times, May 28, 2010
![Page 126: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/126.jpg)
“Then the colleges introduced the students to lenders who underwrote
big loans without any idea of what the students might earn someday.”
Source: The New York Times, May 28, 2010
![Page 127: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/127.jpg)
Sound familiar?
![Page 128: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/128.jpg)
“It’s just like the mortgage lenders who didn’t ask borrowers to verify
their incomes...”
Source: The New York Times, May 28, 2010
![Page 129: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/129.jpg)
It gets even worse.
![Page 130: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/130.jpg)
You can not walk away from student loans in the same way as mortgage holders.
![Page 131: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/131.jpg)
Federal bankruptcy law makes it nearly impossible to discharge student loan debts.
![Page 132: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/132.jpg)
And tuition will always increase.
![Page 133: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/133.jpg)
Because the government is a huge mandated buyer and guarantor on
student loan debt.
![Page 134: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/134.jpg)
Which means that tuition will always go up. Forever.
![Page 135: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/135.jpg)
![Page 136: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/136.jpg)
But, we can fix this.
![Page 137: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/137.jpg)
Not everyone has to go to college.
![Page 138: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/138.jpg)
Yep, I said it.
![Page 139: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/139.jpg)
Not everyone has to go to college.
![Page 140: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/140.jpg)
Yes, it has obvious benefits.
![Page 141: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/141.jpg)
And we will always need an institution for higher education.
![Page 142: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/142.jpg)
But, why not challenge the traditional notion of education?
![Page 143: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/143.jpg)
Is a college education really worth a $20,000 student debt?
![Page 144: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/144.jpg)
That will take the next 20+ years to pay off?
![Page 145: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/145.jpg)
What happens when you switch careers?
![Page 146: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/146.jpg)
Get laid off?
![Page 147: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/147.jpg)
Or work an underpaying job?
![Page 148: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/148.jpg)
Because you decided to take the road less traveled to
pursue your dreams?
![Page 149: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/149.jpg)
College is not the holy grail to success.
![Page 150: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/150.jpg)
Having a college degree will not ensure that you will be successful.
![Page 151: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/151.jpg)
So, what can we do?
![Page 152: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/152.jpg)
Here’s one simple idea.
![Page 153: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/153.jpg)
Who made up the rule that we have to attend college for 4 years?
![Page 154: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/154.jpg)
Why not 2-years?
![Page 155: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/155.jpg)
This reduces tuition which will reduce the amount of student loans.
![Page 156: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/156.jpg)
It allows students to spend the 2 years doing something.
![Page 157: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/157.jpg)
Maybe travel around the world?
![Page 158: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/158.jpg)
How about starting a business?
![Page 159: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/159.jpg)
The possibilities are endless.
![Page 160: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/160.jpg)
Here’s another idea.
![Page 161: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/161.jpg)
Why not pay students to quit college?
![Page 162: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/162.jpg)
Peter Thiel pays would-be entrepreneurs under-20
$100,000 to drop out of school.
![Page 163: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/163.jpg)
But, that’s not really scalable.
![Page 164: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/164.jpg)
Here’s an even easier, scalable solution.
![Page 165: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/165.jpg)
Why not go back to the true goal of education:
learn new skills
![Page 166: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/166.jpg)
Where is our learning revolution?
![Page 167: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/167.jpg)
But, even bigger than the student loan crisis is the “people crisis”
![Page 168: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/168.jpg)
We are misleading our kids down the wrong path & promising them the
wrong things in life.
![Page 169: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/169.jpg)
At TED 2010, Sir Ken Robinson stated “many people go through their whole
lives having no real sense of what their talents may be, or if they have any to
speak of.”
![Page 170: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/170.jpg)
“Education dislocates people from their natural talents. And human
resources are often buried deep. You have to go looking for them.”
![Page 171: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/171.jpg)
“You have to create the circumstances where they
show themselves.”
![Page 172: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/172.jpg)
This will only happen if we bring learning back into the US
education system.
![Page 173: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/173.jpg)
And by debunking the myth that a college degree leads to success.
![Page 174: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/174.jpg)
The pinnacle of education should be learning, not going to college.
![Page 175: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/175.jpg)
We need to stop creating a cookie-cutter experience around education.
![Page 176: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/176.jpg)
We need a learning revolution inside and outside of the classroom.
![Page 177: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/177.jpg)
Here’s our solution:
![Page 178: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/178.jpg)
![Page 179: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/179.jpg)
Platform to learn anything from anyone in your community.
![Page 180: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/180.jpg)
Learning shouldn’t be confined to the four walls of a classroom.
![Page 181: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/181.jpg)
Your city, network & community is the world’s biggest university of
excess knowledge and skills.
![Page 182: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/182.jpg)
It just needs to be shared.
![Page 183: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/183.jpg)
What do you want to learn?
![Page 184: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/184.jpg)
Better yet, what can you teach?
![Page 185: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/185.jpg)
Want to learn how to green your rooftop?
![Page 186: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/186.jpg)
Bake the perfect cupcake from Magnolia Bakery?
![Page 187: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/187.jpg)
Or how to increase your happiness?
![Page 188: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/188.jpg)
You can gain this knowledge and more through Skillshare.
![Page 189: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/189.jpg)
Because piquing your interest, finding new passions & learning new things should
be a life-long process.
![Page 190: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/190.jpg)
Because everyone should be a life-long learner.
![Page 191: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/191.jpg)
We need a learning revolution.
![Page 192: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/192.jpg)
Thank you.
![Page 193: Let's Start a Learning Revolution](https://reader035.vdocuments.us/reader035/viewer/2022062703/55515b15b4c905a8768b4c44/html5/thumbnails/193.jpg)
"The only thing that interferes with my learning is my education."
- Albert Einstein