Going to university is very likely to give you more and better career options and most people opt to take those options over maximising their salary.
Going to university is very likely to give you more and better career options and most people opt to take those options over maximising their salary.
of course, how could I not have seen that coming?
of course, how could I not have seen that coming?
Alternatively, the fae run on Python.
Alternatively, the fae run on Python.
No lifetime earnings figures are reliable.
I'm of the view, tbh, that they're essentially unknowable. I don't think it's possible to calculate returns to a qualification in any way other than with hindsight and you have to trust your judgement.
No lifetime earnings figures are reliable.
I'm of the view, tbh, that they're essentially unknowable. I don't think it's possible to calculate returns to a qualification in any way other than with hindsight and you have to trust your judgement.
We don't know.
We don't know.
If you find that some of the basic assumptions of the model used to impute earnings don't hold, all the data becomes unreliable.
If you find that some of the basic assumptions of the model used to impute earnings don't hold, all the data becomes unreliable.
We don't really have lifetime earnings data for anyone in the labour market. The IFS did their best but had to impute most of it.
We don't really have lifetime earnings data for anyone in the labour market. The IFS did their best but had to impute most of it.
"If employers don't need graduates, why do we have a NEET epidemic amongst non-graduates?"
The answer is, employers do need and value graduates.
"If employers don't need graduates, why do we have a NEET epidemic amongst non-graduates?"
The answer is, employers do need and value graduates.
This is the pre-Robbins view which was roundly countered in the 60s.
This is the pre-Robbins view which was roundly countered in the 60s.
Your argument is that 7 million - 40 per cent - of those graduates (many of whom don't have first degrees anyway as they're HND and the like) didn't need to go to university.
Firstly, employers disagree.
Secondly, in practical terms
Your argument is that 7 million - 40 per cent - of those graduates (many of whom don't have first degrees anyway as they're HND and the like) didn't need to go to university.
Firstly, employers disagree.
Secondly, in practical terms
The last APS shows that 16.8 million people (ish) in the UK workforce have RQF4+. 17.5 million people (ish) are in SOCs 1 to 3.
The last APS shows that 16.8 million people (ish) in the UK workforce have RQF4+. 17.5 million people (ish) are in SOCs 1 to 3.