Dr Winford James
Must we keep providing full funding for tertiary education? Here’s one answer:
“One hundred per cent (100%) funding for university education has contributed to labour market saturation, wage suppression and growing frustration among highly qualified graduates who are unable to secure meaningful employment.
“I am not an advocate for full funding of tertiary education. Full funding for education should stop at secondary school. At the tertiary level, that is a choice, and individuals should fund at least part of that cost.
“He warned that the current system is creating a mismatch between the skills produced by universities and the actual needs of the economy, while placing an unsustainable burden on public finances.
“He says the State should end full financing of tertiary education, arguing that public funding should stop at secondary school, as Trinidad and Tobago can no longer absorb the number of university graduates being produced.
“Conrad pointed to calculated sectoral saturation rates which show that key industries such as energy, manufacturing and transportation are already oversupplied with labour, limiting opportunities for new graduates.”
The above statements were either reported by Express reporter Vishanna Phagoo or cited by her from the speech of UWI economist Dr Daren Conrad at a recent panel discussion on The impact of backpay promises on the macro-economy.
I am less than impressed by Conrad’s presentation and will attempt to show why in this column.
In essence, Conrad is focused on the “unsustainable burden on public finances” imposed by universities. He thinks that the State should “end full financing of tertiary education” and, contradictorily, posits that public spending should “stop at secondary school.” T&T “can no longer absorb the number of graduates being produced.” Tertiary education is not an entitlement, so to speak.
What are his arguments?
As far as I can glean, they are 1) the market for tertiary graduates, including some with master’s degrees, is saturated, resulting in many of them forced to take jobs and salaries beneath their qualifications; and 2) key industries such as energy, manufacturing, and transformation are already oversupplied.
The market does not have the absorptive capacity to accommodate tertiary graduates, Conrad insists. Whatever evidence he has must be usable to establish that the country has achieved a satisfactory level of development. He must establish, for example, that there are no industries with underutilised potential to expand their exports and help us get out of the energy sector mess by using more tertiary graduates.
However, even if he does have the unproduced evidence, his solution, ending funding for tertiary education, is close to being damnable. It is tantamount to saying that ending post-secondary education is a sound policy that would help the country achieve the economic future it wants. It is widely agreed that the future is a developed economy free from the troubles created by over reliance on the energy sector.
How do you develop a country with such a policy? How do you truncate a child’s education and expect the country to develop? How do you diversify a country’s economy when you intervene to stop the growth and development of knowledgeable and skilled graduates needed in the future? Does Conrad know that his proposal is unheard of in most countries across the globe?
Does Conrad know that inadequate diversification remains with us 70 years after we began being dependent on oil and gas? Does he know that a major reason for this is the under education of the labour force—that is, the paucity of the numbers educated at the tertiary level? Does he know that developed countries, like Finland, Hong Kong, and the United States, have rates of employed workers with tertiary education in the 40s and 50s, but that Trinidad’s rate is some 16 per cent, and Tobago’s 13 per cent?
Does Conrad appreciate that when certain sectors are oversupplied with undereducated workers, it drives the general productivity of labour and worker incomes downwards?
If he knows and appreciates these things, how could he seize on the one thing that would enable us to diversify meaningfully— tertiary education? How would we have students in the right numbers develop and produce knowledge not only for local consumption but also for export, in areas such as healthcare, finance, and the creative arts? Should we now become heavily dependent on inflows of foreign workers with the required tertiary qualifications to pursue the national diversification agenda? And, if full funding is not the answer, surely some appropriate alternative should be cooked up to ensure adequate supplies of necessary university graduates.
The saving grace for all of us in this matter is that, if any government dares to implement Conrad’s reckless, unconscionable proposal, it would be shooting itself in the foot, as the people would be sure to rise up against it.
It is far better for Dr Conrad to gather the right data and perform the kind of analysis that would inform our path to real diversification. I am comforted by the fact that he knows that updated labour market data is critical to guide education and training decisions and to plan our workforce.
But unless he can provide compelling evidence to support his suggestion, he must turn away from the idea that continuing public funding to invest heavily in tertiary education is a mistake. It is the other way around.
Dr Winford James is a retired UWI lecturer who has been analysing issues in education, language, development, and politics in Trinidad and Tobago and the wider Caribbean on radio and TV since the 1970s. He has also written thousands of columns for all the major newspapers in the country.
