Virtual classrooms may not be ideal but will be needed for some time
Graduation day at Walter Sisulu University in Mthatha, Eastern Cape. Online learning should be changing the entire edifice of tertiary education, but SA is not adapting. Picture: DAILY DISPATCH
Staying in school during a recession, or going back to school, often makes sense. Downturns are generally a terrible time to start a career. For those who do land a job, the cost is felt in lower starting wages, and research shows that gap can take years to make up. But that also makes a recession an excellent time for a person to invest in education. The opportunity cost in the form of wages foregone by staying in school is lower, which means the long-term returns are higher.
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