This is an interesting story about how the economy is transforming from a mentality of excess, to an attitude of frugality. Reducing the length of university education at the bachelor level may or may not be the "right" thing from an academic perspective. But that's besides the point I'm making here, which is that the basic principle of "do not easily spend what you do not have" is catching up with a society gone amok into a "debt as wealth" fantasy, where people thought they could spend recklessly without a reckoning day.
Well, the reckoning day is here.
Could it be that the wave of future prosperity is in frugality and respect for what one already has? Instead of mindless hunger for more and for what one does not have?
We are moving into interesting times... where timeless principles of success will re-emerge in many.
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