It’s time to slay the bloated, inefficient university monster

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The Australian’s Adam Creighton has taken direct aim at Australia’s rent-seeking, bloated university sector, calling on policy makers to bring them to heel:

For waste and perverse incentives it’s hard to go past the nation’s 39 universities… whose swol­len bureaucracies have be­come­ ground zero for highly paid BS jobs in “strategy, engagement, culture” et cetera. Almost 60 per cent of the 120,000 staff at our universities are administrators, rather than teachers or researchers.

Direct commonwealth funding for universities has more than doubled since 2009, when the Labor government removed a cap on publicly funded places, to about $9.8bn this financial year.

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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.