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MIT Media Lab Tightens Its Belt
Forbes Magazine has this story about the MIT Media Laboratory's current "burn rate" problem. It seems that the Media Lab is feeling the same big draft at its posterior that dot-com companies felt last year after years of go-go growth and seemingly unlimited funding. The Media Lab is particularly sensitive to this downturn due to its heavy reliance on corporate sponsorship, as well as its fondness for unconventional, even eccentric, research. Items that will no longer receive funding according to a January 5th internal E-mail from the Lab's Executive Director Walter Bender: cellular telephones, first-class air travel, food at internal Lab meetings, and furniture. Other more serious cutbacks for the Lab include layoffs for 29 staff members and reduced funding for students, including salaries for "Undergraduate Research Opportunities" (UROP) positions. The Media Lab had previously paid such positions $8.75 and up in order to remain competitive with industry offers that even not-yet-graduated students were receiving.
I worked at the media lab as a freshman MIT EECS student last spring for $8 an hour. My group was decked out with donated 18.1 inch LCDs, food at meetings and other perks. I can't imagine all the things professors and grad students got to play around with. All good things have to come to an end, the environment there through the dot-com boom was definitely too good to be true.
The recent layoffs and cutbacks were spurred by the discovery that the Media Lab didn't have $6 or $7 million in the coffers, but were rather that much in the red.
Let me say that again: instead of a surplus of several million US dollars, they had a similar deficit. I can't fathom how anyone keeping the books -- even the most incompetent of accountants -- could make such a mistake. But it was made, and it's what sparked this whole trimming-of-the-fat. Worst bit is that some regular employees (not grad students, not UROPs) are having their hours cut, while the UROPs -- many of whom do nothing but sit on their asses all day long -- can work full weeks.
Let's hope some generous sponsor(s) will cough up the cash to get them back on track and not disrupt their research too much.
give me a break. these students who work at the media lab could make quite a bit more than $8.75 an hour in pretty much any field in existance. MIT pays a minimum wage on campus of $8 for undergrads. i suspect that this is the 'industry' that they are trying to remain competitive with.
but, then again, there is little chance that these students are there to cash in on the huge salary. i am currently an undergraduate assistant for a january class at mit (2.670) where students make a working stirling engine, and learn enough solidworks to make a working assembly of the engine. i could easily spend this time during january and work a real job solid modelling and make at least 5 times the amount.
but i like teaching. its not about the money.
It finally all makes sense. Media Lab set up a "European Branch" in Dublin about a year ago, for which they got about 50 million IRP (approx) $60 million, which was allocated from the indigenous research funds supposedly reserved for research activities in Irish Universities (not the most affluent at the best of times, but still producing solid results). The initial payment was not exclusively for the Dublin site, rather a large chunk was redirected back to Media Lab in Mass., supposedly it represented a "payment" from the Irish people so that Irish students we could have the privelege of access to Media Lab's IP. To the best of my knowledge, the number of students in the Dublin institution, a year after its establishment, can be counted on the fingers of one hand. Oh yeah, I almost forgot that they managed to get a clause agreed on that a significant percentage of all funds donated to "Media Lab Europe", i.e. the Dublin based institution, would be redirected back to Media Lab in Mass. We're suckers.
Meejalab
MIT is more well known because of a few famous people who taught, graduate or worked there. People shouldn't put too much stock in prestiege. All degrees are only as valuable as the effort you put into it. Likewise, an university is only as good as it's students' ability to be resourceful. I don't know that having the world at your finger tips with first class flights really fosters a scrap dog mentality. If necessity is the mother of invention, having everything at your fingers tips (as MIT is accustomed to) might inhibit creative thinking.
It's tragic that a significant portion of the private sector takes this kind of a stance. The Media Lab, in it's day, was a unique place where sometimes extremely disparate companies were able to work together, share ideas, and advance not only their businesses, but technology in a much more significant way than they would have separately.
What happens when Intel sits down with Lego and some creative, bright students? Lego gets Mindstorms... Intel gets an entirely new product line. This was the place where corporate R&D hit the academic cutting edge. It brought you HDTV, Mindstorms, Electronic Ink (which is turning very quickly into printable transistors). It's working on building automation with cooperation from both appliance companies and building companies. MEMS, Education, Agents, News Delivery... Hell, students there even had a part in remeasuring Mt. Everest. Worthless indeed.
As for "frivolous perks," the professors at the lab get paid academic salaries. Many of them, who consult with their sponsors as a condition of their sponsorship contracts, travel 150-200k miles /year. Have you tried logging that much travel in coach, without a cell phone?
Yes, there are significant parts of the Media Lab designed to make it "plush" for both sponsors and researchers, but you don't attract some of the brightest and most creative people on the planet by giving them a cinder block office $5.25 an hour.