Imagine a world without factory workers and farmers. But instead a society of happy & educated people with 10+ lifelong professions. People who start as nanotech engineers, work as taxi drivers while they launch a biotech startup and retire as a blogger and personal consultants for the next generations. A society & culture where we will be learning continuously - adjusting to new technologies and new economic opportunities on a day by day basis.
Education is already the oil that makes our society and economy work today and it will soon become the foundation underlaying our entire future global economy. Instead of capital and labour costs future economists will learn about the dynamics of education costs.
The education, training, consulting & research businesses has been accelerating in growth and is by far the strongest growing global industry - and that ALTHOUGH we have trillion dollar budget cuts on education, research & development. As traditional education is becoming increasingly expensive and exclusive - information becomes abundant online and informal peer to peer learning is empowered through forums, social networks, wikis, blogs, twitter, etc. As knowledge already today is outdated in a matter of months - the access to education by subject matter experts becomes the crucial competitive advantage of every individual. And this is just the beginning of a global paradigm shift that will an have an unimaginable impact on our culture today.
We believe a dynamic, long tail infrastructure of education will be needed to satisfy this rapidly growing demand for education word wide. The same that blogging has done to publishing will happen to education on a global scale. The education entrepreneurs will empower the next jump in our global economic growth.
What do you think?
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