I’ve covered this at some length previously but the facts keep bearing out my original contention – namely that many of those who are accruing mountains of debt to obtain are degree from our Universities are being conned into thinking they will benefit financially once they enter the work force.
The value of higher education has been cast into doubt after it emerged nearly two thirds of recent graduates have failed to find a graduate job. New research shows recent university-leavers are questioning the value of their hard-earned degrees, and many are considering moving overseas to find suitable work. Researchers questioned 1,000 students who had graduated in the past three years, and found that 60 per cent do not have a graduate job. If these figures were replicated across the population, it would mean around 611,000 graduates have not found a degree-level job. Disillusioned graduates still looking for that first step on the career ladder have begun to question whether going to university was worth the trouble.
Under Labour, the ideological commitment was to ensure that 50% of young people went to University. In denial of the law of supply and demand, they were told this would mean that they would earn much more over the length of their career than those who did not go to University. This was the big lie and this research indicates that the majority of graduates will get nothing – other than a generational debt. I have always believed that University education should be for those most academically inclined and it should be about excellence. By definition that IS exclusive but it is also what sustains a premium for those graduates going through it. This way, we have equality introduced by social engineering and the result is utter disillusionment.