The financial crisis in the US economy is inevitably affecting us here in Canada. McGuinty wants to increase tuition fees for Canadian students to create more funds for the government. But according to an article from Canadian Business Online this is not the best way to help the economy. This article outlines some of the challenges we (the students) arefacing because of the recession.
McGuinty tuition fee increases no way to pull province out of recession and into knowledge economy
Nov 5, 2008 - 14:25 EST
TORONTO, Nov. 5 /CNW Telbec/
By allowing university tuition fee hikes of 4 to 8 per cent every year, the McGuinty Liberals are going in the wrong direction to pull the province out of recession, says the Canadian Union of Public Employees (CUPE) Ontario. Instead, the province needs to graduate more students in order to build a strong, knowledge-based economy that will take it out of its new "have-not" status within Canada, according to CUPE Ontario Secretary-Treasurer Fred Hahn.
"Every year that this government raises tuition fees means that less and less young people are entering the workforce with the skills needed to fuel the success of knowledge-based industries," Hahn told thousands of students gathered at Queen's Park today to stop tuition fee increases. "And with every tuition fee increase, more working families lose the opportunity to send their kids to university."
The McGuinty government . . . read more
Discussion: What do you think? Should tuition fees increase to better serve the economy in a time of crisis? Or is it more important to educate future graduates?
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