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The higher education market portends to be a huge market in the future that traditional systems of delivery of services will be insufficient. This paper proposes a model that links two (2) global markets: the higher education market and the labor market, as dramatic changes are taking place in the 21st century. A modeling and simulation strategy has been employed in this paper predicting the impact of higher education market to the labor market. Results indicated that with the rapid expansion of the higher education market, the size of the higher education labor force will inevitably expand. The labor market tolerates a maximum expansion capacity for HE graduates beyond which the excess HE graduates will bifurcate into two (2) channels of productive sector, namely: (a) the creation of new economies; or (b) the integration of HE graduates into the skilled labor force. This dynamics necessarily yields a highly fragmented labor force con iguration. In essence, the evolution of the labor market is a replica of Darwin’s Biological Theory of Evolution where only the ittest will survive, i.e. evolution through mutation and adaptation whose equivalent concepts in this setting are “innovation” and “adaptation” respectively. It is well-established in Evolutionary Biology that “mutation” is the shortest-route to evolution and so we posit that “innovation” is the shortest route to the labor market evolutionary ladder. Therefore, a good university must be able to produce graduates who are innovative and adaptive at the same time to survive in a competitive labor market.
{"references": ["Garrett-Hatfield, L. (2015). What Factors Affect the Carrying Capacity of an Environment? Retrieved February 6, 2015 from http://education.seattlepi.com/factors-affect-carryingcapacity-environment-6190.html", "Hill, C., Cheong, K. C., Leong, Y. C., & FernandezChung, R. (2014). TNE\u2013Trans-national education or tensions between national and external? A case study of Malaysia. Studies in Higher Education, 39(6), 952-966.", "Knorre, A. (2014). Meeting with Leah Rosovsky, Vice-President for Strategy and Programs at Harvard University. Retrieved from European University at St. Petersburg: https:// eu.spb.ru/en/news/13281-meeting-withleah-rosovsky-vice-president-for-strategyand-programs-at-harvard-university", "Law, A. M. (2007). Simulation modeling and analysis (4th ed.) New York: McGraw-Hill.", "Oliver, B. (2015). Assuring graduate capabilities: evidencing levels of achievement for graduate employability.", "United Nations Educational, Scientifi c and Cultural Organization (UNESCO) (2014). Higher Education in Asia:Expanding Out, Expanding Up The rise of graduate education and university research. Montreal, Quebec: UNESCO Institute for Statistics."]}
H1-99, HF5001-6182, global labor market, evolution, global labor market, HEIs, higher education graduates, market configuration, higher education graduates, Social sciences (General), heis, market configuration, evolution, T1-995, Business, Technology (General)
H1-99, HF5001-6182, global labor market, evolution, global labor market, HEIs, higher education graduates, market configuration, higher education graduates, Social sciences (General), heis, market configuration, evolution, T1-995, Business, Technology (General)
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