NewsVET & TAFE
Another way to work it
It’s a good time for alternate approaches to lowering youth unemployment, such as the trade diploma. By Bruce Mackenzie.
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It’s a good time for alternate approaches to lowering youth unemployment, such as the trade diploma. By Bruce Mackenzie.
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Apprenticeships are pro cyclical: when the economy falls employers lay off apprentices and when it expands they compete for the reduced number of tradies. Apprenticeships thus exacerbate the peaks and troughs of the economic cycle.
In contrast trade diplomas would be like the rest of tertiary education in being counter cyclical: enrolments could rise when employment falls, thus soaking up unemployment and educating graduates for the economic upswing.
Gavin Moodie