Monday 2 July 2012

Education alignment with the marketplace

When East Germany fell, all of a sudden, hundreds of thousands (maybe millions) of Germans saw themselves without a job. Not the workers in the factories, but upper middle class. A shock! What happened there? The fact is that many of those persons had strong college studies - but in areas that didn't have a connection to the new marketplace. They were High German Professors, Philosophers, Communist Doctrine Historians,... that were employed by the State (who paid for their education) - but once the State fell down and stopped demanding their work, the new real market economy didn't need them.

Why am I pulling this over? Because we see a similar movement nowadays in Europe. Maybe not purely motivated by ideology, but still similar. States are funding or pushing forward a number of college courses, that the market is not absorbing. Look at the millions of young Europeans, searching for a job with a college degree - being it lawyer, history, sociology,... The marketplace, the companies don't need them all. The State doesn't need them all. That is the truth! One of the things that is needed is to clearly stop all this huge number of people - to stop them to start studying in these areas. And to do it not by barring someone from attending colleges but by stoping funding some courses and providing information on employment rates of the courses. And then, to actually better inform of alternative education or courses. Some of them college oriented (believe me, there is a huge demand for systems and computing engineers and that will only grow in the near future) others to professional courses.

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