An industry that has entered the soil halfway, was lifted up the last handful of sand

An industry that has entered the soil halfway, was lifted up the last handful of sand

In 1981, in order to prevent the extracurricular tutoring industry from overheating and make education a resource that ordinary families can obtain by competing for financial resources, the Korean government passed the “Academic Law” (academic in South Korea refers to extracurricular tutoring classes) , which is known as the “730 Education Reform” in history.

In the name of promoting the healthy development of the education industry, one of the cores of this reform plan-that is, Article 9 of the “Academic Law”: clearly prohibits any institution from holding extracurricular tutoring classes. Violators will be fined and may even be subject to Sentenced to 1 year imprisonment.

In order to implement this policy, the South Korean government even organized an “extracurricular counseling law enforcement team.”

However, this one-size-fits-all bill did not really eliminate the after-school tutoring market. Korean parents and tutoring agencies began a long game with the government, and even formed a unique guerrilla warfare model.

For example, the extracurricular tutors will “sneak up” to teach at home late at night, and sometimes pretend to be relatives or housekeeping aunts, and even drive a car to make up lessons in a small forest in the suburbs.

It was not until a few years later that this set of bills became a mere name.

The reason why the extracurricular tutoring industry in South Korea cannot be truly eliminated is the national consensus that “even if the cattle are sold, the children should be allowed to study” formed since the introduction of the imperial examination system in China, and the same outstanding achievements as China’s “college entrance examination”. Ten thousand bones withered.

In subsequent educational reforms, the Korean government has also tried to expand the autonomous enrollment power of universities, so that the conditions for students wanting to enter universities extend from looking at the results of the college entrance examination to looking at the “comprehensive quality” at the same time. As a result, Korean children not only failed to get rid of the nightmare of extracurricular tutoring, on the contrary, in addition to the tutoring subject education, they were put on the burden of quality education.

As a result, the educational burden of Korean families has become heavier. In March 2021, the Ministry of Education of the Republic of Korea and the Ministry of Statistics released the “2020 Primary School, Junior High, and High School Extracurricular Tuition Fee Survey Results”, showing that high-income groups spend an average of more than 500,000 won (equivalent to RMB 3,000 ) per month on extracurricular tutoring fees. ) , and the low-income group also spends 100,000 won on extracurricular tutoring fees each month.

The latter is almost 10% of the annual income of this class of households.

Thirty years later, China’s education and training industry also has its own “720 education reform.”

Will the ending be different?

one

China’s education and training industry did not fall from the darling of capital to hell just this Friday. In fact, since May, the entire industry has fallen into an unprecedented crisis because of the “double reduction” policy combination.

However, it was indeed circulated on the Internet the night before. The No. 40 document, which was officially released yesterday, pushed all this to a climax.

I counted it down. In this document titled “Opinions on Further Reducing the Burden of Compulsory Education Students’ Homework and Off-campus Training” , there are a total of 15 “prohibited” and “strictly prohibited”, and 10 “not allowed.” , And 6 “serious investigations” and “resolutely eradicated”.

In 2018, Muddy Waters did hundreds of hours of interviews and research, only to find some financial flaws in the education and training leader in the future, and I had to admit in the title of the short-selling report that this is a “Real Business”.

It can be seen that at that time no one thought there were any policy risks in this industry, even including the muddy waters that wanted to destroy the future stock price.

As for me who wrote “Is there a real hammer in the future for muddy water short selling” , I didn’t even think about breaking my head. It was not financial fraud, not short reporting, or even the industry’s own development law that would crush the future.

two

So, is there anything wrong with China’s education and training industry?

Of course there is.

The biggest mistake of this industry is to use the power of capital to accelerate the process of “involution” of the entire society.

Over the years, the industry has used countless vivid advertisements, live cases, and fresh social fission gameplay to weave a delicate dream of “cultivating a line” for parents-it seems that as long as enough money is invested, enough Energy can give children an excellent grade and a great future.

“When all the people in the current row stand up, in order to see the screen, the people in the back row have to all stand up, even standing on chairs.”

The explanation of this internal volume and this volume cannot be more appropriate when used in the field of “chicken baby” today.

The role of capital in this is not glorious.

It is precisely with the introduction of capital that a variety of new technologies have begun to enter the education, from taking photos to identify questions to VR teaching, new teaching models are emerging in an endless stream, and they occupy students’ spare time.

It is also under the blessing of capital that teaching and training institutions have been able to attract teachers from top schools on the one hand, and invest heavily in advertising and marketing, so that teachers, parents and students have gradually accepted extracurricular tutoring and online education. It is a “shadow school”. fact.

However, when parents and students think that they can get back some of their autonomy in education through extracurricular training, in fact, they have embarked on another path of no return.

“This is a phenomenon worth paying attention to: outside the school, the national education system, training institutions are building another “education system”… School education, parents, students, and teachers have been kidnapped to a large extent by off-campus training institutions. , Off-campus training has a great tendency to recreate a national education system.”-“Can’t let off-campus training recreate an “education system””, Xinhuanet, March 24

 

Therefore, when the government proposed “double reductions” to reduce the burden of homework and off-campus training for students during compulsory education, I agreed with it with both hands.

If the invisible hand of the market is allowed to continue to extend, then the education industry will most likely become a “kill weapon” for draining every parent’s wallet, and only the carnival of capital will be exchanged.

The data shows that in 2020 alone, the financing amount of the K12 education track has exceeded the sum of the accumulated financing amount of the previous three years, and the number of new education-related enterprises has exceeded 10,000.

An industry that has entered the soil halfway, was lifted up the last handful of sand

Image source: Tiger Sniff

Also in the past year, the market value of educational listed companies listed in the three places has increased by more than 500 billion yuan.

However, it should not be forgotten that prior to this, the policy has always emphasized the two keywords of “compulsory education stage” and “burden reduction”.

These two keywords can make the stock prices of Good Future and New Oriental cut in the past two months, but the “Black Friday” that triggered the second stock price cut was due to other reasons.

 

three

The reason for the “Black Friday” is that the latest documents have made market investors believe that the government will not only completely expel capital from the education and training industry, but may even block the entire industry.

The question is, even if the education and training industry is completely banned, will it really have the effect of “double reduction”?

This involves a question. What are the reasons why Chinese parents are so desperate for their children and Chinese children are studying so hard?

Is it to learn more knowledge and satisfy curiosity?

Is it to learn as many skills as possible and be a useful person in the future?

Of course there may be these reasons, but it is a pity that 99% of parents and students are not solely for these reasons.

It is the ultimate goal of most Chinese parents and students to be able to use the college entrance examination method to achieve the carp jumping the dragon gate, or just to defend the previous class.

As Chairman Rabbit wrote in his latest article-“The college entrance examination is an inevitable choice under the political fairness of education in China, and the college entrance examination is absolutely irreplaceable.”

So, if you turn your attention to South Korea, which is also a big country for college entrance examinations, what is the current situation?

In fact, in the past 30 years, South Korea has carried out at least 21 major reforms and adjustments to the college entrance examination policy, but its efforts have not won the applause of most parents. 

In 2016, South Korean educational television station EBS filmed a documentary for the college entrance examination called “The Betrayal of Learning”. For the college entrance examination, the children inside are even more “inspiring” and “harder” than Hengshui Middle School and Maotanchang Middle School.

For example, a sixteen-year-old girl with calluses on her hand, who cannot hold a pen with her hand, must tie a rubber band to continue writing with the strength of her wrist. It is a luxury for her to sleep at two or three o’clock in the morning every day, and she can write it down silently when she learns the textbook.

What is even more touching in the documentary is that after the reform of the college entrance examination in South Korea, in order to enter the university, students not only have to take the college entrance examination, but also prepare their school scores. There is also a booklet called the Comprehensive Life Record Book that will meet the candidates. The three-year high school performance, social practice, and academic performance will be comprehensively evaluated and converted into corresponding results.

This is the “quality education” survey mentioned before, and this kind of reform has led to even more crazy internal scrolls. Just as a Korean interviewed in an article in Time magazine in the United States said:

” (South Korea) The purpose of the college entrance examination reform has gone wrong. It has tried to pull the extracurricular education into the water, but it has not promoted public education. Every reform claims to reduce the burden, in fact, it is only to’liberate it (the school) itself.’ The responsibility was kicked off to the parents and transferred to the tutoring class.”

To borrow a sentence from the South Korean hit drama “Castle in the Sky” two years ago, “Isn’t the purpose of education in this country all for the college entrance examination?”

An industry that has entered the soil halfway, was lifted up the last handful of sand

As long as this does not change, nothing will change.

Four

No, the core of the education scroll is actually not just because of the college entrance examination.

Because the college entrance examination has existed for decades, those of us born in the 70s and 80s have also taken the path from compulsory education to college entrance examination.

Although there were extra-curricular tutoring and some tiger parents, why didn’t the whole society have such anxieties about education and academic qualifications at that time?

After the education and training industry is completely rectified, will society really return to the 80s and 90s as Chairman Rabbit wrote in the article?

“…Is there any counselling at that time? It was also available, but it was very rare, and it did not become a trend. It was mainly based on self-study. At that time, parents did not care? There were also parents, but it was not necessary. It also depends on each family. But there is no “cannibalistic” education and training industry. In this case, most people will keep the energy of preparing for the college entrance examination in the high school stage. And if the country can provide a balanced, free, and quality public Education, I believe that most families will be satisfied, and I am happy to see this result…” Public account: tuzhuxi, “China’s governance and industry politics from the perspective of rectifying education and training industries” .

Personally, this idea is not only unrealistic, it can even be said to be a little naive.

Because the current Chinese society is no longer the one from the 1980s to the 1990s. As the economic growth enters the low-to-medium-speed stage, not only is the class gap gradually taking shape, but more importantly , the fledgling young people are facing unprecedented employment pressure.

Just like me in “Which one of the top financial institutions or Internet giants is more volume?” As written in “, it has become increasingly difficult for young people in recent years to obtain an ideal entry level job.

For companies, the easiest selection criteria must be academic qualifications.

If the students who have resumed diplomatic relations in Qingbei cannot be selected, why should I relax the selection criteria to 985? If the résumés of 211 school graduates are swarming, who will read Erben or even the junior college students?

Yes, I also know that only academic qualifications are absurd and unreasonable. Even young people with average academic qualifications will have a lot of outstanding talents, but the supply of talents and the demand for positions determine the allocation of resources and energy.

Academic qualifications are for company recruitment, just as college entrance examination scores are for college admissions, it is the most efficient division between people.

Therefore, thinking that parents’ anxiety and desire for extracurricular education is only for the college entrance examination, it is only a shallow reason. If we go deeper, it is actually an imbalance in employment opportunities, an imbalance in recognition of different positions, and different classes. It is possible to obtain the unbalanced probability.

Fives

I really like the piece “The Illusion of Fairness: The Poor History of Korean Education” written by the head of Chu in 2019. At the end, the quote is as follows:

The No. 1 best-selling book in South Korea in 2007 “The Generation of 880,000 Won” depicts the embarrassing situation of young people.

Only 5% of South Korean young people in their 20s have the opportunity to be employed as regular employees of the company and have a stable job and income. South Korea’s per capita annual income has reached the level of 20,000 US dollars. However, most fresh graduates can only get a monthly salary of 880,000 won, which is equivalent to just 6,000 yuan in RMB, and their lives are very embarrassing.  

In the 2009 survey report “The Structure of Social Consciousness in South Korea and Japan”, in response to the question “Is the gap between the rich and the poor too large?”, 94% of men surveyed in Seoul answered categorically with “yes.”

After the brutal college entrance examination, young people still can’t see the hope of life, so the so-called three generations of abandoning love, marriage, and childbirth have gradually formed. This emotion is still fermenting. The generation of N who abandon hopes and dreams is not. distant.  

In 2018, South Korea’s total per capita income exceeded US$30,000, making it the seventh country in the world to break into the “5030 Club” (a total income of 50 million people and 30,000 people) .

While the economy is booming, South Korea has also become the first country in the world whose birth rate has fallen below 1.0. It is just like eating all the birds and throwing them into the forest.  

In the past seventy years, the South Korean government has carefully maintained fragile and humble fairness through continuous reforms, investment, and compromise, but it has made education and college entrance examinations step by step into a cult-like madness.

Behind the chaebol who covers the sky with only one hand, the prestigious school and the parents of the hopeful Jackie Chan, hide the truth that everyone understands but does not want to face:  

All roads lead to Rome, but the Romans built the walls.

This article is from the WeChat public account : Qi Zhu Lou Banquet (ID: the_great_time) , author: David Weng

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/an-industry-that-has-entered-the-soil-halfway-was-lifted-up-the-last-handful-of-sand/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-07-25 02:56
Next 2021-07-25 02:58

Related articles