smlower's review against another edition

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informative

4.0

spetty88's review

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This book triggered my anxiety about the security of my own job so I had to stop reading

onlyonebookshelf's review against another edition

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informative inspiring medium-paced

5.0

mmphil's review against another edition

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5.0

https://twitter.com/mmphil1/status/855435695363457024

mkesten's review against another edition

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2.0

It's been fashionable lately to search for the causes of disaffection in the American electorate in the march of computer automation, the willingness of both political parties of embrace free trade at the expense of the factory worker, and the rift between the educated and the grassroots.

A couple of the better books on the subject I've read include "Hillbilly Elegy: A Memoire of Family and Culture in Crisis" by J.D. Vance and "Strangers in Their Own Land: Anger and Mourning on the American Right," by Arlie Russell Hochschild.

America is not beset with a crisis. It is trying to navigate multiple crises in parallel time some of its own doing and others a function of the times we live in.

There are simply too many guns in too many hands. Alcohol and substance abuse rages across rural and urban landscapes. Computer automation does threaten the workplace of millions. Antipathy toward government and common action forces politicians to abandon public institutions, rail against public health insurance, public education, and environmental regulation.

It is with this backdrop -- and the crisis of leadership in Washington -- that I stumble through Tressie McMillan Cottom's study of American for-profit colleges. This is not a pretty picture. It is yet another condemnation of the failure of public policy to help honest and willing people get out of poverty.

When you dig a little deeper on free market economics, even dig a little deeper on state subsidy of post-secondary education, you find the grubs of free enterprise pick through the most vulnerable to line their pockets with money. Big money.

For even more relevant context I refer you some earlier research on the working poor in the United States: "Nickel and Dimed: On (Not) Getting By in America" by Barbara Ehrenreich; "Broke, USA: From Pawnshops to Poverty, Inc. - How the Working Poor Became Big Business," by Gary Rivlin; and the magisterial and more recent "Evicted: Poverty and Profit in the American City," by Matthew Desmond. (American publishers sure do go for long titles. Hoo-wee!!)

These are the poverty industries. And many of these colleges qualify as the education factories to keep poor people poor.

McMillan Cottom shows how those on the lower side of the cultural divide game the college grants system to find working capital for new business projects because working capital is is simply not available for black, Hispanic or just plain poor entrepreneurs.

Then there are the pressure sales tactics to get the poor to buy in to college programs with dicey if not outright worthless credentials.

Most despicable of all is the debt the unwitting college graduates accumulate which dwarfs the wages they are likely to get in the health, legal, or beauty industries they are training for. Talk about rip off.

I read this book as read about Republican plans to dismantle the nascent consumer protection agency against financial planning weasels and my stomach turns upside down. White collar crime is every bit as alive and virulent as it was when Barak Obama took office.

People who honestly believe in this sort of deregulation would have been comfortable in the Reconstruction South. Carpetbaggers they were. Carpetbaggers they will ever be.

Many years ago, when I was leaving high school and had dreams of a career in the theatre, I saw many of my peers enter the theatre earning next to nothing to get a shot at something better. The gullibility of youth wasn't lost on shysters and con-men in the vanity industries. Phoney acting studios, modelling agencies, and talent agencies sprung up in the pre-gentrified neighbourhoods of downtown Toronto. They convinced kids to buy photo shoots, "method acting" classes, screen test sessions, and then promised they would get calls from the casting agents that never came.

Some of these operations became fronts for escort services and prostitution. Many exhibited the same high pressure sales tactics Tressie McMillan Cotton outlines here.

Now as a father I see some of those same pressure tactics turned toward parents. Dance classes for their kids can turn into money pits for parents: tuition, endless costumes, travel for competitions, special advanced classes, new footwear, special trainers, and on and on and on.

Parents of young musicians and swimmers and skaters, young hockey players and lacrosse and soccer and baseball leagues tell me the same stories. The list goes on.

All a parent needs to hear is "I think your daughter has a special talent" and you're one step from re-mortgaging the house for something that often amounts to high end daycare.

ari76's review against another edition

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4.0

Reading this book was slow at first, but once Cottom began interspersing the stories of those interviewed and her own r experiences at for-profit colleges with statistics and theory, I became more invested. It's a useful look into a topic I know very little about, and I appreciate how Cottom presents the state of things (and the difficulty of knowing the "state of things" in this arena) and acknowledges nuances within "Lower Ed". Overall, a 3.5 read rounded up to 4 because of its use of qualitative methods and Cottom's writing style.

. The following quotes represent my biggest takeaways:
"They [for-profit colleges] are an indicator of social and economic inequalities, and at the same time, perpetuators of those inequalities."

"Degrees do as much signaling as they do certifying. That is, they certify a set of skills, surely, but they also signal a set of behaviors to recruitment agents."

"Long-term planning, be it financial planning or educational planning, is a luxury born of means. We also know that one's relationship to money and debt is different when one has been poor, is poor, or fears becoming poor again."


And key to the book,

"What is interesting to me is how much disdain is spread among students and schools and how little disdain there is for labor markets."


While I thought this was a good read, I wish there was more of Cottom's findings from her qualitative work. I wanted to hear more about the students like those she mentioned throughout, and more about their dreams, worries, sacrifices, and gains. I also wanted to hear more about what was discussed by leadership. I wanted more words from the folks living this, and I also wanted to hear more about Cottom's conclusions in the epilogue.

gannent's review against another edition

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informative medium-paced

4.5

The author has such a skill for making academic writing clear and easy to understand. Sometimes these type of books can be a jargon-filled slog, but this one excelled in clarity. Also a great job of illustrating points with personal stories and then associating them with data. I really appreciated learning about the financialization concept, it seems widely applicable. 

vmp5062's review against another edition

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informative medium-paced

4.0

themeggreig's review against another edition

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4.5

Thoughtful, interesting, and a unique take on something often oversimplified. Highly recommend this read!

nyertryingtoreadeverything's review against another edition

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informative reflective medium-paced

5.0