Comment by graeme
3 days ago
>We can’t train more people? I didn’t know Universities were suddenly producing waaaay less talent and that intelligence fell off a cliff.
University enrolment is actually set to sharply decline. It's called the Demographic Cliff: https://www.highereddive.com/news/demographic-cliff-colleges...
Off topic, but: Supply and demand says that, if university enrollment drops sharply, the price of a university education should go down. That sounds like good news to me.
University enrollment doesn't drop sharply evenly across all universities. The lowest-desirability universities will go bust while the Ivy League continues to have hyper-competitive admissions and yearly tuition increases that outpace inflation.
In a homo economicus world. They will jack the prices up for the remaining few.
Here in the USA, education at some schools is kind of a luxury good. When the price goes up, the demand increases.
Except it won't because a degree is a gate and people will pay whatever is demanded of them for it. Numbers go up never down.