An enterprising Paul Williams from the New South Wales Department of Education and Training sent me a study the Department had commissioned on the economic value of TAFE in NSW. Easily flattered on Club Troppo’s behalf – I’ve not been courted as a media outlet before – I thought I’d better get this news up on Troppo ASAP.
It will not surprise you to hear that the economic value – as calculated by Allen Consulting – is large compared with the costs. So we should at the very least keep doing what we’re doing and if Economics 101 is any guide, as marginal benefits still way exceed marginal costs, we should do more.
I expect there are ways we could not just do more of it, but also do it better in various ways, but, at least judging from the executive summary not much attention went to this subject. Maybe there could be a follow up report from Lateral Economics. :)