Traditional universities, taught and administrated by traditional staff rarely deviate from conventional methods of teaching, yet as the needs of the modern workforce become focused on broad skill sets such as logic, writing and thinking and less on learning specific facts, such teaching methods have become anachronistic. Instead, governments, foundations or wealthy individuals ought to fund completely new schools based on the needs of the current workforce. For example, the Olin Foundation endowed a new kind of college (Olin College) to fundamentally change how engineering is taught. The college does not have separate academic departments and all faculty members hold five-year contracts with no opportunity for tenure. Olin College’s new method of teaching engineering has been widely praised amongst engineering firms—other colleges and universities should seek similar innovations.