On September 21, 2009
Universities Need a Degree of Commercial Reality
If government is to spend less on higher education, should business foot the bill? And should commerce thus have a say in what universities do? Business benefits from good graduates but it also pays for this supply of talent by offering high wages. The graduates also thus gain from having degrees. And the country benefits from an educated elite that can expand the economy. In the past the country mainly paid the cost of education though in recent years students have borne more of the cost, but they pay with cheap loans provided by the state. And the state gets its money from future taxes on the students’ higher earnings (or current taxes on past students’ pay) and on taxes…
0 Comments