He alludes to settlements from legal cases against universities with endowment funds, so there is another layer missing from this description. It sounds like he is anticipating a lot of public-private institutional collaboration. If accreditation from such an Academy can compete with state universities and Ivy League schools and turn out a large supply of educated workers, that might be attractive to businesses that have a hard time finding the staff they need at salaries they can afford.
I mean, I'm not one to sneeze at a nice salary, but competition is generally a better environment. When I was contemplating going into engineering, $10,000 a year was considered really good money in 1968, when a nice new car cost $2,000.
He alludes to settlements from legal cases against universities with endowment funds, so there is another layer missing from this description. It sounds like he is anticipating a lot of public-private institutional collaboration. If accreditation from such an Academy can compete with state universities and Ivy League schools and turn out a large supply of educated workers, that might be attractive to businesses that have a hard time finding the staff they need at salaries they can afford.
I mean, I'm not one to sneeze at a nice salary, but competition is generally a better environment. When I was contemplating going into engineering, $10,000 a year was considered really good money in 1968, when a nice new car cost $2,000.