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Rent seeking causes that correlation (so there is actually a causal relationship): Some professions require certain university degrees. They pay high wages. Uni
by wjnc 3y ago
Rent seeking causes that correlation (so there is actually a causal relationship): Some professions require certain university degrees. They pay high wages. Universities found out they can extract a rent on future earnings of potential entrants. So you could actually argue that by requiring the degree the firms not only create the rent extraction, but also de facto agree on the curriculum.
- onethought 3y agoSo universities (in some quite common scenarios) ARE corporate training grounds?
- wjnc 3y agoThat's pretty universal (worldwide) I guess? White collar corporate staff that is predominantly unversity educated. That still doesn't mean the curriculum is or should be corporation directed or focused. I know little about this, but India and South-Korea come to mind where there might be more direct links. UK as perhaps a counterpoint where you can find corporate role with an Oxbridge arts degree, or France.