We don’t need more universities

The knowledge economy is a myth. We don’t need more universities to feed it by Andre Spicer, The Guardian Wednesday, 18 May 2016. Signalement de l’article par Samuel Bliman.

Most new jobs now do not require degree-level qualifications. Encouraging more young people to graduate will create only debt and disappointment.

In the US in 2010, 20% of jobs required a bachelor’s degree, 43% required a high-school education, and 26% did not even require that.

Governments around the world believe that to remain competitive in a global economy they must become smarter. In an attempt to boost its knowledge intensiveness, the UK government has just launched a plan to overhaul the university sector. It aims to transform universities by creating many more of them. The hope is that this will increase the number of people with degrees, and the UK will be a more competitive economy. Lire la suite…

Conclusion de l’article. Expanding universities and encouraging increasing numbers of young people to study for degrees may not be the smartest thing to do. It means educating more people who aren’t that interested, for jobs that don’t exist, in a way that has little impact on their intellectual ability. These students will emerge from their few years of education saddled with tens of thousands of pounds of debt. Many will not be able to pay it off and that debt will become the responsibility of the taxpayer. The government’s plan of opening even more universities and offering ever more degrees could easily make matters worse. Attempts to create an intelligent economy could end up being a rather stupid idea.

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