Thursday, June 28, 2007

Job Ready Degrees

What are UG degrees that make one job ready? Is it just a convenient way for industry to avoid running training programs for new recruits? What is lost when "industry relevant training" is included in the UG degree?

How can industry get new ideas if students do not provide them? The vicious cycle of students not wanting to learn something not used in industy and industry unwilling to adopt something because they cannot find the graduates will not be broken.

My hope is that fresh graduates have the ability to take a fresh look at practices in their place of work. Critical thinking, problem solving etc. are the key skills. But these skills are hard to acquire and students want to avoid subjects that teach them. The Universities substitute such subjects with "internships". While internships are good, they should only follow after the student has a sound understanding of the fundamentals.

Thursday, June 07, 2007

Government Surplus: Sign of good management??

We assume that if a govt runs a surplus it is good management. This is incorrect. The govt does not have make/sell any product to earn revenue. They can raise or lower taxes depending on what they think they can get away. They have very little expenses they must meet. So it is easy to run a surplus. Tax the people highly, do not invest in any infrastructure which is usually expensive. Of course, the downside of this will be felt only after a few years. The government of that day will cop the blame for spending money and perhaps running a deficit.

I suggest that any government that runs a surplus should return the surplus back to the people who helped fund it, viz., the tax payers. I am not suggesting that governments run a huge deficit either. They should tax only what they want and should always produce a zero surplus/deficit budget.