The Other Demographic Challenge
Okay, so everyone knows that demography’s an issue in higher education. Fewer students means more competition. More old people means more pressure on pensions and health care and hence more competition for public subsidies. Tough times ahead for higher ed, right? Well, yes. But there’s another impact of demography which I don’t think anyone’s really absorbed yet. It’s the impact of a shrinking or stagnant labour market, and in many ways, it could be the most significant demography-related challenge of