One point I’d like to highlight is that of the increased spending on apprenticeship in other developed countries.
It seems as though in the US we have a problem of people going into college without actually knowing what they would like to do/ being a school person just because “it’s the thing to do.” This is even more so true in countries like the UK where in most of the colleges, you apply for a course (a particular major) as opposed to being able to pick it in your junior year.
For this reason, they started the apprenticeship system which is geared towards on balance less academic students in order to get work experience which may be more helpful in all situations as opposed to school, which is limited in where it actually is helpful and applies.
I think more government subsidies to apprenticeships will both decrease the stigma around going straight to apprenticeships/ work in general (because it incentivizes it to become more common) and solve our problem of “non school kids” paying a lot of money for expensive universities and not spending their time efficiently.
Very nice article David. "This history helps explain why the U.S. does so little to help people transition from schooling to (and from) the labor market. We spend only 0.1 percent of GDP on Active Labor Market Policies (ALMPs), which includes programs like job search assistance, training, relocation for workers displaced by trade or technology, apprenticeships, and employment subsidies. "
This is new to me, indeed we could probably do a lot better in this regard. My general inclination is that we need to rethink higher education entirely. Credentialism has gone too far and tuition has spiraled out of control. If we financed higher education through equity instead of debt, we could restrain prices, restore confidence in credentials, and properly incentive schools to provide job-search and placement assistance.
Enjoyed this article a lot.
One point I’d like to highlight is that of the increased spending on apprenticeship in other developed countries.
It seems as though in the US we have a problem of people going into college without actually knowing what they would like to do/ being a school person just because “it’s the thing to do.” This is even more so true in countries like the UK where in most of the colleges, you apply for a course (a particular major) as opposed to being able to pick it in your junior year.
For this reason, they started the apprenticeship system which is geared towards on balance less academic students in order to get work experience which may be more helpful in all situations as opposed to school, which is limited in where it actually is helpful and applies.
I think more government subsidies to apprenticeships will both decrease the stigma around going straight to apprenticeships/ work in general (because it incentivizes it to become more common) and solve our problem of “non school kids” paying a lot of money for expensive universities and not spending their time efficiently.
Very nice article David. "This history helps explain why the U.S. does so little to help people transition from schooling to (and from) the labor market. We spend only 0.1 percent of GDP on Active Labor Market Policies (ALMPs), which includes programs like job search assistance, training, relocation for workers displaced by trade or technology, apprenticeships, and employment subsidies. "
This is new to me, indeed we could probably do a lot better in this regard. My general inclination is that we need to rethink higher education entirely. Credentialism has gone too far and tuition has spiraled out of control. If we financed higher education through equity instead of debt, we could restrain prices, restore confidence in credentials, and properly incentive schools to provide job-search and placement assistance.