Redefining University Leadership for the 21st Century

Redefining University Leadership for the 21st Century

In a constantly changing economic environment, higher education institutions need to adapt in order to be relevant to their stakeholders and the society. The unpredictable landscape also demands a ...
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The PhD – Glut or Ponzi Pyramid Scheme?

Pp. 17-20 (4)

Christina Chow and Clement Leung

Abstract

The marketization of knowledge has led to an oversupply of PhD graduates, as it does not follow the economics of supply and demand. While industries continue to complain that PhD graduates lack appropriate knowledge and skills, universities exploit their PhD students as cheap labor for teaching and research activities. PhD students have become part of the flexible workforce to meet the universities’ temporary workforce needs on a part-time and casual basis. As a result, universities tend to take on an excessive number of PhD students.

Keywords:

Flexible Workforce, PhD Factory, Scientific Century, Transferrable Skills.

Affiliation:

RMIT University Melbourne Australia.