Council of Ontario Universities’ Post

Not sure what kind of sensible approach this is... 🤔 2000+ jobs lost already, with more at risk. 🌏 If the Australian Government keeps on this path, the impact will be felt in a drastic manner by Aussie businesses and people. 🇦🇺 It's not just the international students suffering; it's our own communities that are hurting. 💼 #AustralianBusinesses #GovernmentPolicies #InternationalStudents

As the A-level results are out today, a reminder of our analysis of the challenges facing further and higher education by Sandra McNally Gu Ventura and Gill Wyness. * There are not enough graduates. The wage premium to university degrees is high everywhere in the country (although the level and trend varies). If the UK economy is to grow, it is especially important that “strategic sectors” (those in which the UK has a comparative advantage) are supported. These sectors - which include financial and business services, the creative and cultural sector and life sciences – employ a much higher fraction of graduates than the rest of the economy. * There are also too few people educated to sub-degree level compared to other countries. But the problem is not “too many graduates” but too many low-educated workers. https://lnkd.in/dc2i8BPG

Read highlighted data from the latest Colleges and Universities | Collèges et Universités Graduate Survey showing how Ontario graduates are gaining value from a university education by building a foundation for life-long learning and an adaptable skillset: https://lnkd.in/g7CyahJG

Who read this in The Sunday Times this weekend? 🤦♂️😩 If you didn’t, the story is that Russel Group universities are accepting international students with much lower grades than UK students, because (no surprise here), they pay a lot more 🎓💵🤝 The root cause is that tuition fees in the UK are capped, so universities suffer increasing real terms cuts each thanks to inflation✂️. Now, the whole ‘back door route’ is a bit of click bait - using middlemen recruitment agents is hardly news… But - the result is that the education provided has to get dumbed down to cater to the less able students. It’s just so short incredibly sighted!! Yes there are funding pressures, but when you trade on the quality of learning and of your alumni - to degrade them both will surely lead to a lower global standing?! The prestige of the Russel Group will mean less and less if they can’t spit out high quality graduates because the top of funnel is increasingly filled with less intellectually able applicants..? The funding crisis will pale in comparison to the ‘no one wants to come here anymore’ crisis..? With a stable new government incoming at some point in 2024, maybe (🤞🤞) we’ll get some long term thinking. #designedforwellbeing #studentaccommodation

Interesting article that looks into the cost of degrees, graduate wages and employment rates of different fields. It really puts education in a positive light. Graduate teachers are in the top 5 highest paid in country, tied with engineering graduates. Employment rates for graduate teachers are also amongst the highest in the country, around 90%. The cost for education degrees have been reduced since 2021, being deemed areas of high demand.

If you thought higher education leads to better job prospects, think again. Educated unemployment is surging. The unemployment rate (6.2%) among the educated is alarmingly high compared to those with lower or no educational qualifications (0.2%). The data has come to light in the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MOSPI). This challenges the traditional belief that higher education leads to better job prospects. In fact the data suggests that as education levels rise, so does the unemployment rate. How does one explain the paradox? I discuss with Pragati Sharma on News9. Link to the full show: https://lnkd.in/gU3JiKAs

Stat of the day: college wage premium in China dropped from 72% to 34% in just over a decade (2007 to 2018)! This means that an average college graduate earned 72% more than a non-college educated person in 2007, but only 32% more in 2018. This is a large drop, but the premium is still high enough that most people will be inclined to go to college. I’m not sure why this steep drop has occurred. But it’s a bit unique to China, it seems. For comparison, college wage premium in the US has remained above 70% for a few decades now. Links to relevant articles in the first comment.

New policy article: bridging the education outcomes with labor market needs,  researcher Shabir Abdul Wahab, emphasizes the importance of aligning education outcomes with the requirements of the labor market. He highlights the inability of higher education institutions to control market needs, adapt to constant changes, and keep up with the ever-evolving demands, amid the expanding demand for education and the inflated outputs, contributing to a rise in unemployment among graduates. Read the full article: https://lnkd.in/gdR53-6v #IPP #YourPlatformForPositiveChange

Discussion of crisis in university finances predicted by the Office for Students on this morning's Today Programme: "a simple scenario where there are very modest increases in entrants from the UK and a 45 per cent reduction in international entrants across the sector in 2024-25... could represent a net reduction in income of over £4.3 billion in 2024-25 and over £8.4 billion by 2026-27, compared with providers’ forecasts. This scale of impact would represent a significant challenge for the sector to overcome and based on the latest information about international recruitment, appears to be realistic."

The nuts and bolts of current university financial needs and planning explained simply. Those of us in the UK HE sector think they are safe because they are able to recruit legions of students from rich, upper middle class and middle class backgrounds are not listening carefully enough about the negative impact of the fee cap and inability cum unwillingness of government agencies to help. You know, the let's teach folk who look and talk like us syndrome, based on utterly constricted and unreflective notions of 'quality' (an often consciously exclusionary notion, deployed to protect elitism in our sector). Internationalism is valuable - more widening participation is needed, not just for ethical reasons (which is very, very important to the development of an equitable and productive society), but as it makes financial sense too (as that offers governments a way to come in and subsidise to expand social inclusion via higher education).