Some characterize institutions of higher ed as "ivy towers" where nothing of practical value is taught and advocate for 'practical real-world training'. These folks show a strong bias against theory, but they miss three important points (at least): (1) The value of being generally educated, (2) The value of theory in handling uncertainty, (3) The economic fragility that focusing on training for the needs of the immediate labour market builds in to the future of the market.
#highered #valueofedu