Faster Edumacation

An adult literacy assessment got a wide run in the US media. It has a chicken little aspect to it which makes for mass media popularity. The Washington Post did an article on the study , six days later there popped up an interesting letter to the editor on the same issue.

From the article;

While more Americans are graduating from college, and more than ever are applying for admission, far fewer are leaving higher education with the skills needed to comprehend routine data, such as reading a table about the relationship between blood pressure and physical activity, according to the federal study conducted by the National Center for Education Statistics.

Today's Washington Post contained this letter to the editor;

... Lois Romano [article author] indicated that educators are puzzled by the declining level of literacy among college graduates. But the puzzle is is solved in the article itself when Ms. Lois Romano wrote, 'While more Americans are graduating from college ... more than ever are applying for admission.'

The demand for education is so high that universities, professors, administrators and governments can offer programs with no quality control, taking parents' and students' tuition money without delivering what is promised.

The quick solution is for employers to stop insisting on four-year degrees for skills that can be acquired in six months of a certification program. That would cool the excess demand for college degrees, there-by enabling students without degrees to get good jobs and forcing marginal universities to improve their programs, lower tuitions or close.

While employers are demanding tertiary educated employees, those participating in the labor market also see it as a necessary differentiator. I don't think asking employers to accept certifications less than a degree will help if competition is high in the labor market.

The four year degree is a left over of the industrial era. In the information age of free markets the labor market, business investment cycle and product cycle are far faster than they were in the capital and labor intensive industrial era. The degree needs to be devalued so that it matches the same pace of the economy. That means one or two year degrees, with one year master courses.

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