alt Hacker NewsThey have $27 billion in their endowment. They are choosing not to fund those positions when they easily could on their own.
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At this point, these well-endowed universities are essentially Private Equity firms, each with a university hanging off the side as a minor, semi-profitable department within the firm.
Chancellor mcmcmc: We have a $27 billion endowment. We can easily fund these positions.
Chancellor mcmcmc, 2027: We have a $26 billion endowment. We can easily fund these positions. (Unrelated note: all freshman-level math courses have been moved to Temporary Building #17.)
Chancellor mcmcmc, 2028: We have a $24.8 billion endowment. And congratulations to Chancellor Trump! (Note: all freshman humanities classes have been moved to Temporary Building #17.)
Chancellor mcmcmc, 2029: We have nearly $23 billion in our endowment. We can easily fund these positions. (Note: due to recent outages, all students residing in purple zones should use their personal data plans until further notice.)
Chancellor mcmcmc, 2030: We have nearly $21 billion in our endowment. We can easily fund these positions. (Note: Due to wait times at the Student Supplement Center, please consult your family practitioner for all supplement-related issues.)
Chancellor mcmcmc, 2031: We have plenty in our endowment, frankly. Probably more than anyone's ever seen-- billions, with a "b." We can easily fund these positions and honestly, many, many others. (Note: all classes currently scheduled in Temporary Building #17 will be rescheduled at a location TBD.)
Chancellor mcmcmc, 2032: It is with deep regret that I inform the students and faculty that I will be resigning at the end of this year's streamcast. It's been such an honor to...
Edit: clarification :)
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Wow you just made me realize that Elon Musk net worth is roughly 30x the value of the entire MIT endowment fund.
Fund them to do what exactly? Come up with their own research ideas?
You got the pipeline backwards. The government picks the research areas/priorities then allocates funding for those, and universities apply and compete to get grants. _Then_, once a grant is given to a school, is funding for labs and graduate students allocated.
If the government has no interest in doing research and provides no funding then schools don’t have projects to work on and no money to hire graduate students.