Cool video. I'm abit curious though, you mentioned that university fees have not kept to their real value after inflation which cause universities to struggle bringing in revenue, yet there are concerns from students that the value of their education is diminishing. These two seem to contradict each other in it's effective value for a university education. If you increase tuition fees, surely the students perspectives of the value of the degree declines, yet you cannot let the cost of tuition fall in real terms since it seems already unsustainable for universities. The larger issue to me seems to be an unbalanced economy, where there are far more graduates for their relevant jobs, and a widely uneven distribution of remuneration across different sectors/industries. Increased competition from outside the country only exacerbates this, where locals have to grapple with foreign graduates from local institutions and those from foreign institutions, even though this should technically produce a better quality workforce at the expense of the bottom x% of locals. It seems that policy for work visas for foreign graduates to local institutions should be more targeted to industries and roles which are in shortage (especially even after accounting for local graduate projections), rather than an across the board approach.
Thank you for your thoughtful comment and I'm glad you enjoyed the video! You're right that there's a delicate balancing act here. Universities face a funding squeeze as tuition fees lose value against inflation, yet students expect (and deserve) high quality education for their investment. Increasing tuition fees risks amplifying dissatisfaction if the perceived value doesn't rise alongside costs. Your point about graduate oversupply is also compelling. Adjusting visa policies or aligning graduate output to workforce needs could possibly help but these ideas come with political trade-offs and uncertainties. We’d only truly know if such approaches are effective after they’re implemented and evaluated in practice.
This is gold, keep going dude!
Thanks for the support :)
Cool video. I'm abit curious though, you mentioned that university fees have not kept to their real value after inflation which cause universities to struggle bringing in revenue, yet there are concerns from students that the value of their education is diminishing. These two seem to contradict each other in it's effective value for a university education. If you increase tuition fees, surely the students perspectives of the value of the degree declines, yet you cannot let the cost of tuition fall in real terms since it seems already unsustainable for universities. The larger issue to me seems to be an unbalanced economy, where there are far more graduates for their relevant jobs, and a widely uneven distribution of remuneration across different sectors/industries. Increased competition from outside the country only exacerbates this, where locals have to grapple with foreign graduates from local institutions and those from foreign institutions, even though this should technically produce a better quality workforce at the expense of the bottom x% of locals. It seems that policy for work visas for foreign graduates to local institutions should be more targeted to industries and roles which are in shortage (especially even after accounting for local graduate projections), rather than an across the board approach.
Thank you for your thoughtful comment and I'm glad you enjoyed the video! You're right that there's a delicate balancing act here. Universities face a funding squeeze as tuition fees lose value against inflation, yet students expect (and deserve) high quality education for their investment. Increasing tuition fees risks amplifying dissatisfaction if the perceived value doesn't rise alongside costs.
Your point about graduate oversupply is also compelling. Adjusting visa policies or aligning graduate output to workforce needs could possibly help but these ideas come with political trade-offs and uncertainties. We’d only truly know if such approaches are effective after they’re implemented and evaluated in practice.