Millionaire teachers
Covid-19 will accelerate private teaching using d
Covid-19 will accelerate private teaching
Teachers and tutors will benefit the most from the online migration of classes and courses. Edtech had been developing online ecosystem for teachers and students. Only 3% of world’s education is digitised.
Before Covid (Corona Virus disease) South Korea had turned tutors and teachers into millionaires with the help of internet and technology. Online tutoring is a $20bn industry in South Korea. A maths teachers earns $8mn every year by teaching about 300,000 students, who take his online class at any given time. They pay $39 for a 20-hour course. He teaches them tricks for taking the timed exams, including shortcuts that students can take to solve a problem faster.
In his interview to WaPo Kwan Kyu-ho said, “I always wanted to be a teacher, but I feel that regular school teaching has its limits. There is a certain way you have to teach,” said Kwon, whose lessons appear on the sites Etoos and VitaEdu. “And, of course, I’m making a lot more money this way.”
Multi billion dollar Indian tuition industry is the most ready to adopt to the new social distancing measures. Indian ed-tech brands such as Upgrad, Udemy and Byju are already serving millions of students. One teacher can run a school with the help of new technology.
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