The point is we don’t need more MBAs, we need people educated in useful skills. Should every MBA program be closed? No probably not, but we definitely have way more than we need. Cutting funding for things like MBA scholarships and closing down the majority of those programs will go a long way towards moving the majority of potential future MBA students into useful programs. We need less managers and more engineers, fewer CEOs and more chemists, hell fewer analysts and more plumbers.
There are many problems with modern capitalism and even if we never handed out another MBA degree again that would not even remotely solve everything, but the MBAs are making the problem worse. It’s a minor thing but it’s an easy thing to do and it would make a difference small as it is.
I think organizing labor is a useful skill. I just think doing it to the sole benefit of “shareholder value” is what’s killing us. Is that liberal of me? I can’t imagine a society where work isn’t done by people and work needs some form of organization.
Sure it’s a useful skill but not one in significant demand. We have an absolute glut of MBAs and a desperate need for anything but an MBA so why are we paying people to get more MBAs?
The point is we don’t need more MBAs, we need people educated in useful skills. Should every MBA program be closed? No probably not, but we definitely have way more than we need. Cutting funding for things like MBA scholarships and closing down the majority of those programs will go a long way towards moving the majority of potential future MBA students into useful programs. We need less managers and more engineers, fewer CEOs and more chemists, hell fewer analysts and more plumbers.
There are many problems with modern capitalism and even if we never handed out another MBA degree again that would not even remotely solve everything, but the MBAs are making the problem worse. It’s a minor thing but it’s an easy thing to do and it would make a difference small as it is.
I think organizing labor is a useful skill. I just think doing it to the sole benefit of “shareholder value” is what’s killing us. Is that liberal of me? I can’t imagine a society where work isn’t done by people and work needs some form of organization.
Sure it’s a useful skill but not one in significant demand. We have an absolute glut of MBAs and a desperate need for anything but an MBA so why are we paying people to get more MBAs?