Economics of Education

Name:
Location: Wildwood, Florida, United States

Walter Antoniotti taught mathematics related college business courses for nine years at Daniel Webster College, Nashua, New Hampshire. After one year of teaching high school mathematics, Walter became the Director of the Concord, N.H.  campus for Franklin Pierce College. He later became the Director and then Dean of Continuing  Education where he helped build one of New England's most successful Continuing Education programs.   He finished his 25 years at Franklin Pierce College as Special  Assistant For Program Development. Today Walter is retired and spends his time golfing and trying to improve education using technology.   Walter would like to thank his many students who used the class handouts that eventually became the Quick Notes Series. Their many suggestions made Quick Notes easier to use and understand.

Monday, July 17, 2006

Parents and Politicians Should Listen to Educators and Not Academicians
April 20, 2005
America's primary and secondary educational systems are not preparing students for life after graduation because academics, not educators, have control of curriculum.
Academics are scholarly. To them, knowledge is of prime importance, especially in their area of expertise where they feel everyone should have substantial knowledge. Academics usually begin by teaching, become involved with curriculum development and academic standards, and end up in administration. Many go to education conferences, write curriculum article, textbooks and standardized tests.
Educators enjoy students and the classroom environment. Learning is important, especially if the material will help the student enhance theireconomic and social well-being. Educators believe intelligence is normally distributed. They get discouraged when teaching a curriculumdesigned by academics because said curriculum is often beyond the grasp of academically average students. Textbook content is controlledby academics who are influenced by their prejudice toward intellectual material and publishers who are concerned with profit. Testing is just one example of the academic to publishers to profit scenario.
The Scholastic Aptitude Test (SAT) measures the academic success of students graduating from high school. Changing from a two-part Scholastic Aptitude Test to a three-part test has made a lot of money for many people. Business Week recently reported that Kaplan, a unit of The Washington Post, saw SAT-related revenue increase by 50% in the later half of 2004. Princeton Review reported a revenueincrease of 20% to 50%. SAT companies got a similar revenue hike the last time tests were changed in 1994. New tests mean new curriculum which mean new books written by academics for the profit of publishers.
Publishers influence and subject prejudice cause academics to send the wrong message to parents and politicians. They want us to accomplish No Child Left Behind. The logical question is Behind What? Every Child Employable should be the goal. Our educational system must prepare students to enter the labor force. Our data source for available jobs for future graduates will be the U.S. Department of Labor. Occupational Outlook Quarterly Winter of 2004-05 reports that about 75% of 2002-2012 jobs openings (42 million out of 56 million) will be filled by people entering the labor force for the first time and do not have a bachelor's degree. This analysis seems to contradict the politically correct notion that our educational system should prepare most students for college. This belief exists because academics and media often report that 49.9% of the fastest growing newly created jobs will require a bachelor's degree or higher. This is a small number of jobs. Even this data is skewed higher by the 603,000 doctorate degree jobs predicted because more people are expected to attend college and will require more teachers.Predictions do not always come true. Systems Analyst ranked first in the 1998-2008 projection with an expected increase of 577,000 jobs. By the 2002-2012 report, their rank had dropped to 25th with an increase of only 184,000 jobs.
Historically, the number of people receiving a bachelor's degree is substantially larger than the number of jobs requiring a bachelor's degree. The Department of Labor Fall 2000 Occupational Outlook Quarterly page 9 reports a college graduates oversupply of 1,900,000 for1988-1998 and approximately 900,000 for 1998-2008. The two-decade oversupply total is almost three million graduates. And that's just two decades! Economist Richard B. Freeman was one of the first to write about the oversupply of college graduates in his 1976 book The Overeducated American. Not All College Majors Are Created Equal has an analysis by major of the likelihood of a college graduate having a college level job.