There is a trend in many states in which young people prefer to participate in work-based training over university education. While this may lead to a financial decline in the higher-education business sector, the economy as a whole will benefit from higher productivity. In my view, the drawbacks it introduces are far outweighed by be benefits it presents.
It is widely believed that people should have a degree before they start their professional careers, which is why the higher-education business has become a multi-billion-dollar industry. However, with more and more people skipping university and jumping straight to work-based training, this industry has taken a big hit. Statistics indicate that the number of university goers has decreased by almost a quarter since 2000.
On the other hand, the weakening of the university business sector will be well compensated for by a boost in the economy. Since fewer young people are attending university, they now can start working a few years sooner, thus contributing to the economy by paying taxes. Additionally, work-based training programs provide workers with exactly what they need to get the job done without the unnecessary bells as whistles that university education always includes. A part from the main courses that are related to a professional specialties, university students also have to pass many other irrelevant subjects, such as Spanish or cultural education, to get their degrees. By removing all these distractions, they can now join the workforce and learn only what they need, thereby enhancing their productivity.
In conclusion, though skipping higher-education to enrol in work-based training creates certain disadvantages such as lower profit in university business, the benefits in terms of productivity enhancement and economy growth are meaningful and impactful. Based on the aforementioned arguments, I contend that the advantages outweigh the disadvantages.