PSE and business need to collaborate more to create prosperous "educonomy"

August 21, 2014

A writer in Fast Company magazine says that the education economy—or “educonomy”—will play an increasingly important role in US politics and society over the next decade. He urges the US to better integrate its education system with employers and job creators, and presses for more PSE/business collaboration on internship and job opportunities that will provide graduates with meaningful experiences. For most college students, the purpose of college is to earn a job, not a degree. Without significant changes to PSE based on that assumption, he says, the US economy will continue to suffer. Business creation will be essential for economic growth over the next decade, and only a close relationship between educators, employers, and entrepreneurs can reverse a deficit between the number of new businesses compared to the number of “dying” businesses. Fast Company