IIT is the canary in the coalmine (Do our younger readers know what that means? Do we have younger readers?)

Lance has posted about his, and around 160 others, being laid off from IIT here .(IIT stands for Illinois Institute of Technology which is where Lance was employed.) Hence I looked into what is happening at IIT to see if there is a lesson for us all. I) I wondered why IIT had declining enrollment. I wondered which of the two reasons below was the issue (and of course there are other reasons).…