Submitted by Charles Hugh-Smith of OfTwoMinds blog, (Part 1, Part 2, and Part 3 here) An entire new feedback loop of accreditation is needed, and fortunately that feedback is within our control: it’s a process I call accredit yourself. Economist Michael Spence developed the job market signaling model of valuing employees based on their credentials in the 1970s. The basic idea is that signaling overcomes the inherent asymmetry of information between employer and potential employee, i.e. what skills the employer needs and what skills the employee actually has is a mystery to the other party. Credentials (diplomas, certificates, grad point averages, test scores, etc.) … Continue reading →