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Fairfax’s Ross Gittins penned an excellent article yesterday on the inefficiencies of Australia’s demand-driven university system, which is churning out way too many graduates, costing the Budget a fortune, and leading to bloated bureaucracies:
In an ideal world we’d be investing more in our universities, but our world is far from ideal. And so are our unis. They’re inefficient bureaucracies, with bloated administrations and over-paid vice chancellors…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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