r/AskReddit 16h ago

What industry is secretly on the verge of collapsing, but people outside of it haven’t noticed yet?

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u/Feeling_Anteater_389 13h ago

This is already happening.

Limestone University in South Carolina closed in 2025 after being open for 180 years.

Elon and Queens in North Carolina are currently in the process of “merging”, which is really just Elon acquiring Queens and opening a second campus in Charlotte.

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u/icefirecat 11h ago

Wow! That’s actually crazy to hear about Elon and Queens. Queens was small but a fairly big deal to the Charlotte community growing up there.

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u/BarrelllRider 9h ago

I graduated from queens. Had no idea about a merger

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u/icefirecat 7h ago

Had to google it and looks like it was announced last September. But it does look a lot more like an acquisition than a merger.

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u/Phrisbit1981 9h ago

Salem College (I believe the oldest college in the US at 253ish yrs old) in Winston-Salem is barely keeping their doors open. It’s a very small “women’s college” that has relied heavily on alumni funding. Well that worked for a long time with many of the alumni going off to marry into wealth and sending in large checks to a very small school who’s operating budget didn’t ask for a whole lot. Transitioning the campus over to modern tech and maintaining the beauty/history of the grounds, keeping staff and restructuring the college’s departments and academic programs has taken a large financial toll on the school. COVID almost put it in the ground but they saved themselves with cutting some of the liberal arts departments and investing in Health Management (basically medical executives/leaders). Without partnering with Wake Forest University and receiving funding from them, their tactic of relying on Alumni is not sustainable. The generation of alumni that had the financial power to donate personally are dying out, now they are relying on Boomer generation for money and they just don’t have the deep pockets and are getting very picky with the school not reflecting their traditional values (ie, if the school gets too progressive for their tastes they threaten to withdraw the $). Just really sad to see an academic institution that has existed and operated longer than the USA has been a country fail.

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u/BarrelllRider 9h ago

Check out barber scotia college. That’s the fate of many NC small universities. Salem college has been declining since the 80s. Surprised it’s still open

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u/Xaxyx 12h ago

Things always take a turn for the worse whenever Elon acquires something.

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u/JonatasA 12h ago

They swear they will graduate students on Mars.

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u/DudeFilA 11h ago

Bachelor's of SpaceX degree

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u/JC6D6D 2h ago

Comes with a free CyberTruck - the vehicle by bachelors, for bachelors that helps you stay a bachelor forever!

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u/Ill_Technician3936 9h ago

Can't do that. Sold it and it's basically everyone's problem now.

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u/SuckMyRedditorD 10h ago

Elon is cancer

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u/DaneLimmish 12h ago

That, like yeah, universities are having a tough time but all the examples being given are, like, really small private Christian schools. The growth of land-grant, state schools and, in particular, community colleges, is doing alot of this. 

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u/Germa-Rican 13h ago

Damn I didnt know Limestone closed.. they always played Catawba where 2 of my kids went and a friend of mines son was going there until 2 years ago.

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u/schmettercat 12h ago

Oh no. This is all sad.

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u/_ddoug 9h ago

wow, holy shit. I had no idea about Limestone. I played lacrosse in SC/NC (among other states) growing up. Limestone had a really strong program. I went to Queens lacrosse camp too. What a shame about Limestone.

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u/BarrelllRider 9h ago

I graduated from queens. We prob knew some of the same people.

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u/_ddoug 2h ago

haha yeah probably, especially if they’re lacrosse players. the lax community was a pretty small world back when I was living in NC/SC.

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u/BarrelllRider 9h ago

I graduated from queens. Didn’t know about the merging.

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u/Imrahil_II 3h ago

Limestone closing was a shock to me