Labour Scarcity and Higher Education
A few weeks ago, the economist Armine Yalnizyan penned a really good piece for The Star. It examined epoch-defining shift in “developed” economies from a world in which labour is plentiful and capital is in short supply, to one in which capital is plentiful and the competition is for labour. This will have profound effects on higher education, which I don’t think many in the sector have absorbed. The upshot is this: we are going into a period where labour