Universities will need to broaden their scope and purpose to meet the needs “of the future world of work” according to the Bank of England’s Chief Economist, Andy Haldane.
This could include changing their traditional model of delivering education to mostly young people, to one that provides life-long learning opportunities, Haldane said in a recent speech titled Ideas and Institutions – A Growth Story.
“In future it seems very likely young and old alike will be in equal educational need – to train, retrain and retrain again through their 60 or 70-year careers,” he says, adding – “never has the need for such learning likely to have been greater given the longer span and greater volatility in future career paths”.