The biggest waste within our current economy must be human potential. Our education system is inherently wasteful and a very linear system in terms of delivery, “transmission”, of knowledge and skills. There is a growing oversupply of graduates at the top. Many graduates do work which does not require what they have learnt. People are learning things that are going to be useless to hem because the world is changing so quickly. In this new world, we need a feedback-rich teaching and learning system that enables people to learn the skills that they feel are needed in a highly volatile and fast-changing economy. This system is not pointing towards a particular set of knowledge. It is preparing people to be flexible, adaptable and creative.
Options for informal ways of education and personal development are growing. Learners often go through informal education while working in the meantime. It is responsive to the current needs of the learner and is often provided by varied resources: originating from community inputs of individuals up to formal higher education institutes. The role of higher education institutes will change in the transition towards a circular economy. This paper will explore the educational landscape in the future economy.