THE GREAT GRADUATE CON….
By David Vance On May 17th, 2011I’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.
The state makes a few quid out of loans to students but universities coin it in. Students mainly are victims but there are others too.
Even for those who gain from higher education courses can be radically shortened, but no, they want servitude for as lng as they can get it.
All told, incredible amounts of human and financial capital is deliberately wasted to keep the cash rolling in for universities in one great con.
For some strange reason, graduates with a degree in David Beckham Studies are finding it difficult to get employed.
We should copy the German education system with its emphasis on apprenteships and far fewer at university.
Correct a hundred times over.
The Germans strike the correct balance. The UK and US would do well to copy some of their practices.
I know someone whose sister is doing a Media Studies degree at the University of Chester and she thinks that she’ll be earning £50000 when she graduates.
A lot of these students are very deluded about the value of their degree.
Ja
You’d be better off with fewer ” media studies ” people and a lot more master plumbers, electricians, and skilled mechanics.
The sad thing is that the system ( here anyway ) would tend to talk kids out of pursuing vocational studies if they were clever. So we have an endless stream of English, sociology and legal studies grads who don’t know how to change a tire and who don’t know how anything works.
Seen in the toilets at Uni…written above the toilet paper dispenser.
“Media Studies Degree’s -Please feel free to take one”.
Ross – get your friends sister to change in the second year to Theoretical Physics with Maths,or just Mathematics, Chemical engineering…anything! But NOT Social &/or Media Studies. That’s about as much use as French Medieval Basketwork Studies.
You can’t bullshit your way around a calculus exam while you absolutely can bullshit your way through a social studies exam.
One reason why people prefer social studies.