This is an excellent blog written by Gideon Rachman in the FT. It’s short and recommended reading. Check it out!
Once again this article highlights the pressure on young people. For many families education is still the key for their children’s future. Whether it’s private tutors in Korea or school fees in the UK, the pressures are enormous. The education model used to to work well and was harnessed to the American Dream, which now has the equivalent in other countries like China. However, austerity has brought a shocking reality check, with many youngsters now questioning the wisdom of incurring huge student loans with limited job prospects.
Despite austerity, the children of wealthy, privileged and well connected families still secure first rate education, followed by open doors for jobs in the professions, business and politics. Yet for ordinary families and their children it has been a sad and shocking reality check. Also many students seem to be overqualified in theory and light on experience of life and people. I have started to ponder the following question:
How should we get more value out of the billions of Dollars spent on education?