Very True. However, with tightening budgets and students increasingly dissatisfied with returns on their educational investment, pressure is there for change. The economic rents graduates enjoyed in the past, are being eroded. I would argue that it is not because of an over supply of graduates but because they offer very little to the bottom line. Reading, writing, numeracy and critical thinking are fundamental to taking action to build businesses and value in capitalism. When people do have this they find themselves locked in process and meaningless work and not earning returns on their education. However, when they can change businesses processes, strategies and value creation and lead others in the process, returns abound. It is an unhappy lesson I am seeing many people learn.
Very True. However, with tightening budgets and students increasingly dissatisfied with returns on their educational investment, pressure is there for change. The economic rents graduates enjoyed in the past, are being eroded. I would argue that it is not because of an over supply of graduates but because they offer very little to the bottom line. Reading, writing, numeracy and critical thinking are fundamental to taking action to build businesses and value in capitalism. When people do have this they find themselves locked in process and meaningless work and not earning returns on their education. However, when they can change businesses processes, strategies and value creation and lead others in the process, returns abound. It is an unhappy lesson I am seeing many people learn.