The World Economic Forum “engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.” Its 2019 Annual Meeting took place in Davos from Jan. 22nd through Jan. 25th.
The WEF is to the world of business what Paris and Milan are to the world of fashion: not everything they present on the runway will appeal to everyone, but it will give us food for thought.
Our children should be thinking about it if they plan to spend 4 years and $46,764 CDN on a basic bachelor’s degree ($87,164 CDN with residence) so that they can compete successfully for work against graduates of the 28,077 universities in operation around the world today. There will be 262 million students enrolled in those universities by 2025.
Nor should we forget that there are over 7.7 billion of us on the planet and that not all great ideas come from university graduates. (Google “successful business people who didn’t graduate from university”.)
On Jan. 25th, The New York Times published ‘The Hidden Automation Agenda of the Davos Elite’ in which it said, “They’ll never admit it in public, but many of your bosses want machines to replace you as soon as possible.” That’s food for thought.
Lives are built on steady incomes. Bosses who plan to replace people with robots threaten those lives, and that threat isn’t confined to soon-to-be graduates. What qualifications will be in demand when our children graduate? How strong will that demand be? Where in the world will it be? How long will it last?
Do parents understand that only certain university degrees will qualify a graduate to compete for a position, but none guarantee that a position will be offered?
Education is serious business, serious enough that what organizations like the WEF publish should be considered carefully because of its long-term implications. Especially now given how the world is changing and how it will continue to change.
Most of what those organizations publish is free. But it’s not enough that it be free: it must also be correct and relevant because of what’s riding on it.
Showing parents and their children how to identify, access and interpret that information is why Personal Due Diligence exists.
F. Neil Morris
President & Founder
PERSONAL DUE DILIGENCE