Summary
This report outlines the challenges facing Canada's postsecondary education system and its impact on productivity. It highlights that despite a high rate of postsecondary education attainment, Canada's economic performance, particularly productivity, is lagging. The report identifies a disconnect between education inputs and economic outcomes, emphasizing that many graduates possess degrees that do not yield significant economic returns. It discusses the need for a more productive, knowledge-driven economy and presents recommendations for reforming the postsecondary education system to better align with labor market needs. The report also examines the financial constraints faced by postsecondary institutions, which hinder their ability to adapt to changing economic demands. Furthermore, it points out the lack of comprehensive data to assess the effectiveness of the education system and its outcomes. By analyzing the experiences of other countries, the report suggests potential pathways for improvement in Canada’s postsecondary education landscape.
