How Does Shunt Work?
how does shunt work?
How much education for the nation?
With more and more OECD countries sending over half of their young people to university, I should like to to offer public policy-makers the following challenge: are over half of the jobs in your economy graduate-level?When I read that 71% of South Korean 18 year-olds are university-bound (and that 100% of South Korean parents want their children to go to university) I was shocked. Where will the future bricklayers, shop assistants, hairdressers, bus drivers, postmen, barmen, chambermaids, street-sweepers,welders, security guards, car-parking attendants, ticket collectors, etc. come from in a country with imploding demographics?
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In most advanced economies, there are more graduates than graduate-level jobs. The logical outcome of this situation is graduate unemployment followed by graduates being forced to do work that they consider beneath their potential. The best graduates - those who are demonstrably intelligent and can prove a capacity for hard work - will get the most rewarding jobs. The rest? Well, once you work your way down towards 'average', the job market becomes tougher, before young Spanish, German, British, Japanese or American graduates find that no employer is interested in their qualifications.
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And here we are, policy-makers! Where does your nation's youth fit onto this grid? And what policy measures are needed to shunt the average up towards to upper right quartile? And when you get there - then what? A whole lot of over-qualified voters doing jobs that are beneath their potential? Or are you going to export your unemployment (as Poland did from 2004 on)?
Should the state educate more - or less? If more - in what direction? Mediaeval French Poetry? Comparative Cartoon Studies? Or IT, Biotech or Engineering?
Britain has already started rationing education. With annual fees rising to £9,000 a year (47,000 zlotys to Polish parents), potential students are beginning to shun those courses that will not open doors to high-paying jobs. My instinct is, that for an economy, high fees for state universities will lead to better results all round. Those who feel the hurdle is too high (for themselves or their children) will rightly avoid university and settle down to a more suitable job.
In Poland, state universities are still free; the less-gifted who feel (or whose parents feel) that five years at university is a good idea have a wide selection of heavily-advertised private ones to chose from. Britain, by contrast, has one private university, Buckingham. In America, the best universities are private (and very expensive), while the duffers go to state unis. So - no consensus as to how best to educate our youth.
Any thoughts, dear readers?
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