Can Google Kill The Four-Year Degree?
Most people will agree that going to college isn't about just getting an education and a degree. It provides young adults the opportunity to venture out on their own and do what they want without their parents watching over them.
Due to the coronavirus, colleges have had to resort to holding classes online and it appears many will continue to do so as the fall semester begins. As a result, a debate over the value of an online college experience is becoming increasingly popular in the news.
Perhaps agreeing that the value of a college degree without actually physically attending college may not make much sense, Google announced the creation of three new online certificate programs yesterday.
The "Google Career Certificates" cover Data Analytics, Project Management and User Experience (UX) Design. The launch of Google Career Certificates follows the launch of the Google IT Certificate program in 2018, which has become the most popular certificate on online learning platform Coursera.
The Google Career Certificate programs are taught by Google employees and can be completed in three to six months on Coursera. Google said the certificates will give individuals the "essential skills they need to get a job" while a degree or prior experience is not required to take the courses.
Google, which said it will consider the certificates as the equivalent to a four-year college degree for hiring purposes, listed the median average salary for related jobs. Google listed four jobs that each have a median average annual salary of more than $50,000. IT Support Specialists were the lowest of the four with an average annual salary of $54,760, while a Project Manager has an average annual salary of $93,000.
"This is not revenue-generating for Google," Google vice president Lisa Gevelber said. "There's a small cost from the Coursera platform itself — the current pricing is $49 a month — but we want to ensure that anyone who wants to have this opportunity, can have it."
Google also announced it will fund 100,000 scholarships to complete any of the Google Career Certificates. Google will also award $10 million in grants to the YWCA, NPower and JFF to assist in job training programs and increase access to digital skills for women, veterans and underserved Americans.
"While college degrees have tons of value, they are not accessible to everyone," Gevelber said. "And we believe that the absence of a college degree should not be a barrier to economic stability."
"Since 2017, we’ve helped 5 million Americans learn digital skills through Grow with Google and we promise to do our part to help even more people prepare for jobs, creating economic opportunity for everyone," Google said.
With nearly two-thirds of all new jobs created since 2010 requiring either high-level or medium-level digital skills, the move by Google could very easily pave the way for other technology giants to follow suit and add the four-year college degree to the list of things they've disrupted.
Check out this 63-second video from a Wall Street veteran
If you're tired of NOT making weekly profits during the current global pandemic...and are hitting roadblock after roadblock, then you're reading this at the perfect time! Millionaire trader Jeff Bishop has just launched a FREE mini-class, "Bullseye Options Trading." You'll walk away with a 1-Master Trading Plan that will give you a clear understanding of what it takes to potentially double your profits virtually every week.
FDA fast tracks two more vaccine candidates. The U.S. Food and Drug Administration has given fast track status to two COVID-19 vaccine candidates being jointly developed by Pfizer and BioNTech. The companies have four vaccine candidates underway, with BNT162b1 and BNT162b2—which received the fast track designation, being the most advanced of the four. If the candidates are successful, the companies said they could have 100 million doses available by the end of this year and 1.2 billion available by the end of 2021.
Navarro slams TikTok. White House trade advisor Peter Navarro referred to TikTok's new CEO as an "American puppet" as he slammed the Chinese company which is increasingly facing criticism. "What the American people have to understand is all the data that goes into those mobile apps that kids have so much fun with and seem so convenient, it goes right to servers in China, right to the Chinese military, the Chinese Communist Party, and the agencies that want to steal our intellectual property," Navarro said. "TikTok, WeChat, I suspect the president is just getting started with those two."
Community-adjusted cash flow? WeWork expects to become cash flow positive in 2021, a year earlier than it had previously forecasted, according to a Financial Times interview with WeWork Executive Chairman Marcelo Claure. "Everybody thought WeWork was mission impossible," Claure said. "And now, a year from now, you are going to see WeWork to basically be a profitable venture with an incredible diversity of assets." Claure added that WeWork has seen strong demand for its offices amid the coronavirus pandemic.
SiriusXM lands the latest podcast deal. SiriusXM is the latest company to pour money into podcasts by acquiring podcasting platform Stitcher for $325 million. SiriusXM had been in discussions with broadcaster E.W. Scripps for weeks to acquire Stitcher. "With this acquisition, SiriusXM's combined properties will contain the largest addressable audience in the US across all categories of digital audio — reaching over 150 million listeners," SiriusXM CEO Jim Meyer said.
Going to need more airline passengers. Southwest Airlines warned it must see passenger demand increase significantly in order to avoid layoffs. "Although furloughs and layoffs remain our very last resort, we can’t rule them out as a possibility obviously in this very bad environment," Southwest Airlines Gary Kelly CEO told employees. "We need a significant recovery by the end of this year —and that's roughly triple the number of passengers from where we are today."