The looming recession climate is causing concerns over skyrocketing student debt. On top of a deeply unaffordable housing market, these factors call for universities to be more relevant in terms of preparing students for employability.
This is a break with the traditional mission of the universities. Economist George Fallis, professor emeritus at York University, notes that traditionally, universities aimed to “provide liberal education for undergraduates, to conduct research and to contribute to society including the economy and culture.”
