Here is an interesting article that goes against some of the doom-and-gloom that economists (and some in the learning blogosphere) are complaining about. There have been other articles that state that when the economy goes bad, people should look at going back to school to increase their skill sets.
The only bad thing about this article is that it seems to hint that "education" funds would be a safe place to invest. Seems eerily similar to the claims that investing in .coms was safe, and buying 3 houses was safe, etc. My rule of thumb is that if other people are writing about it, then you probably already missed the significant profit curve. Nevertheless, it is an interesting perspective that not all may be disasterous in the learning field.
Sunday, December 21, 2008
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3 comments:
Hmmm..., either I'm reading your blog or the article wrong, but I don't get it as suggesting that you'd invest in "education funds", but that you may be better off turning back to school and improve your own education. At least if your current level of education appears to be an obstacle.
People with lesser education often get the shorter straws when time become dire, but there is obviously a limit to how many degrees are meaningful in economic terms and in what areas.
In pure investment terms I generally believe education to be a low-yield area, regardless of stock-market temperature, since much of the money gets into governmental institutions or other more or less public-benefit organizations with very low, or no, profit. That's at least the case here in Sweden, but I believe that it holds for the U.S. and most other places as well.
Says me, who just switched workplace to the university again, not as a student though :-)
You're right. I made some implications...probably because the economy and stock market has been a very touchy subject of late. The article does touch on the potential benefits of going back to school for more education. I just read another article on the State of the Industry that indicates 1) annual training expenditures per employee and 2) learning hours are increasing. Additionally, close to $30B is being spend on external training services. Regardless of these seemingly rose projections of people heading back to the classroom for education and training, I agree with you that they have low profit levels.
Well Friends,
I's not so intelligent and professional. So can't say much about it. I have some useful information about distance learning for you
:)
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