U of A crucial to economy
Re: “Redford gave educators heads up on overhaul,” the Journal, March 20.
Slashing university budgets is wasteful and short-sighted if our goal is to stabilize the provincial economy.
A report last year by the Alberta School of Business estimated the University of Alberta had a $12.3-billion impact on the provincial economy for 2009-10, or five per cent of the provincial GDP.
This is roughly four times the benefit that would be generated if every NHL team were based in Edmonton and every one of them was having a very good year.
Every dollar Albertans invest in our universities turns over many times inside the economy, generating financial benefits as well as many scientific, cultural and social advantages.
These benefits come from having a big, thriving, broadly based, creative university, not a stripped-down adjunct to private industry.
If we really want to stabilize and diversify Alberta’s economy, the proven way is to invest in public goods like post-secondary education.
Amy Kaler, Edmonton