The number of degree students ending up in low to lower-skilled jobs has grown from 9pc to 17pc over the past 18 years, a fresh analysis by the Office for National Statistics (ONS) has revealed.
The increase is largely due to the number of people with a degree rising at a faster rate than the number of high-skill jobs available in the UK since 1993, the earliest comparable data, according to the report.
One in five graduates now earn less on average than someone educated to A-level standard, while 15pc earn less than those with GCSE or equivalent-level qualifications, the ONS report showed.
We\’re simply educating too many people too much.
So we should stop doing so.
Fortunately, as students now get to see the full cost (and pay the full cost) of their education, this problem will be self-resolving.
Which is, although few will openly admit it, the real underlying reason for insisting that students take out the loans to finance their education.