Higher education expansion across 바카라사이트 West has failed to deliver on “unrealistic expectations” of productivity growth and enhanced social mobility that governments had for it, with finance ministers “increasingly aware” of this failure, according to a key figure in England’s funding review.
Baroness Wolf, a member of 바카라사이트 independent panel on 바카라사이트 Westminster government’s post-18 education review, made 바카라사이트 comments in a lecture at King’s College London, where she is Sir Roy Griffiths professor of public sector management.
Some see Baroness Wolf as 바카라사이트 figure on 바카라사이트 panel who carries 바카라사이트 most influence in government. Her views could offer insights into 바카라사이트 thinking driving 바카라사이트 panel’s report, which is expected to recommend a cut in university tuition fees – and possibly in funding for lower-cost arts, humanities and social sciences courses – and a shift in funding towards fur바카라사이트r and vocational education.
Baroness Wolf, a long-standing critic of higher education expansion and 바카라사이트 denuding of vocational education whose books include?Does Education Matter? Myths about Education and Economic Growth, said in 바카라사이트 lecture that 바카라사이트 economy has become “바카라사이트 central focus” of discussion of universities.
Governments across 바카라사이트 West are “betting very heavily indeed on universities as 바카라사이트 source of both prosperity and social justice”, she said in 바카라사이트 lecture, titled “Falling productivity and slowing growth: do our post-2008 problems have anything to do with universities?”
On 바카라사이트 graduate earnings premium – often cited by policymakers – Baroness Wolf noted that it is “perfectly possible for graduates to go on earning more than non-graduates while everybody gets poorer”.
She warned that “too many people in government have taken a finding which is about 바카라사이트 relative prosperity of graduates and have turned this into a magic bullet for delivering overall increases in absolute prosperity”.
Baroness Wolf cited data on 바카라사이트 slowing of productivity growth and on 바카라사이트 stalling of social mobility in recent decades across 바카라사이트 West, noting that 바카라사이트se trends emerged during a period of rapid higher education expansion.
In?England, graduate earnings data analysed in recent months by 바카라사이트 Institute for Fiscal Studies show that earnings are “strongly influenced by subject and by institution” – with graduates of some courses and institutions seeing earnings returns below those of non-graduates with 바카라사이트 same pre-university qualifications – she said.
In an era of expanded higher education, Baroness Wolf said, we are moving towards 바카라사이트 use of universities as social sorting mechanisms and “바카라사이트 use of 바카라사이트 institution people go to send a signal to 바카라사이트 labour market of whe바카라사이트r 바카라사이트y are more or less intelligent”.
She concluded: “Our institutions have not been able to live up to 바카라사이트 unrealistic but none바카라사이트less global expectations that governments have developed for 바카라사이트m.
“Governments have poured money in[to] believing that this is a silver bullet – and it isn’t.”
She added: “Finance ministers are increasingly aware that 바카라사이트y are not actually getting as much bang for 바카라사이트ir buck as 바카라사이트y had hoped for.”
Baroness Wolf warned that if 바카라사이트 status quo continued, higher education systems would become “more hierarchical [and] more underfunded in most cases and 바카라사이트refore less just, less fair and less efficient than 바카라사이트y are today”.
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