In episode 5, Noah Smith and Erik Torenberg discuss the promise and failings of higher education, working class economic prospects, the American healthcare system, and more. Noah’s articles are linked below. Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co  RECOMMENDED PODCAST: Run the Numbers is a weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at Partstech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO. Subscribe to listen on the platform of your choice: https://link.chtbl.com/runthenumbers  TIMESTAMPS: (00:00) Episode preview (01:23) How Noah joined, and then left academia (04:29) The current state of universities (09:30) Universities should invest in student companies indirectly (11:03) Why Americans are falling out of love with college (15:37) What stopped colleges from being able to provide a job and intellectual fulfillment  (15:48) Sponsor: NetSuite (19:55) It's not harder for the average non-college educated American to get jobs nowadays (22:00) Michigan's rust belt (24:08) Was populism driven by economic or socio-cultural factors? (26:23) Is the working class grievance justified? (29:00) Why we don't have a healthcare system like Japan or Korea's (31:42) Healthcare and housing instead of UBI (36:45) Expectations around higher ed (41:00) Why aren't employers starting their own universities? (43:50) Custom training programs for big corporations (45:57) What higher education will look like a decade from now LINKS: Americans are Falling Out of Love with the Idea of College https://www.noahpinion.blog/p/americans-are-falling-out-of-love X / TWITTER: @noahpinion (Noah) @eriktorenberg (Erik) SPONSOR: NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform, head to NetSuite: http://netsuite.com/turpentine and download your own customized KPI checklist.