Greedy corporatised universities cry poor at international student cuts

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Australia’s university system has become a marketing scam that lures full-fee-paying international students while minimising wages for rank-and-file teaching staff.

Universities have become less focused on academia and teaching, instead treating education like a profit-maximising private corporation that enriches vice-chancellors and senior management.

The federal government has aided and abetted this transformation into degree factories for international students, effectively turning student and graduate visas into low-skilled work and residency visas. Higher education institutions then lowered admission and teaching standards to boost enrolments.

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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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