Is Higher Education Ready for ‘The Education Bubble?’ The bubble is financial: tuitions rising significantly each year despite economic conditions and students taking on student loan debt they then cannot pay off. It is practical: the degree no longer guaranteeing a job and a majority of employers saying that college graduates lack the skills for todays marketplace. It is cultural: college professors in four-year colleges traditionally educating for life, not for a specific job even though todays college students need job-related education. It is economic: the nature of work in a knowledge economy requiring skills unlike those of graduates of just 15 years ago. It is institutional: a professoriate confronted with so many changes and demands with insufficient background or support to make changes beyond their ken or abilities.
((post transferred from the Management Forum wiki))