Higher Education And Growing Percentage Of Labour Market

In the essay "College Graduates Fare Well, Even through Recession," author Catherine Rampell provides data that detail why a college education is worth the investment. She shares with us a positive perspective on the employment prospects after graduating from a 4-year institution. Rampell states that "there are more employed college graduates today than employed high school graduates and high school dropouts put together" (pg. 678). This is seemingly good news

Apart from the idea that college degree does not decide the path of life, the author asserts that it is still worth people’s time. According to the author’s data, most people who do not own a college degree perform worse in careers

In her article “Not all College Majors Are Created Equal”, Singletary states that engineering major with relevant internship within the innovation industry results in higher chances of attracting a good job. Unemployment is higher among high school dropouts compared to 22.9%, which represents the rate of unemployment among post-secondary graduates. Therefore, rates of employment among college degree holders are much higher than the chances a high school diploma can fill at workplace because of the differences in skills.

The degree is seen as a free (to the employer) screening tool to filter through the applicants. The employer sees the degree as a representation of the individual’s ability to learn as well as a level of perseverance desired in employees. Considering the social and economic pressures in today’s world, all individuals with the ability to attend college and achieve a degree should do so in order to better prepare themselves for a competitive job market.

Moreover, employers featured in the survey claimed that academic results of a graduate is not an effective indicator of his or her competencies in the job when compared to work experience performance(Highfliers Research Ltd,2012). Another report also revealed that neither GPA nor major of study was related to the salary level of graduates at the entry-level of employment, but only work experience resulted in obvious disparity in salary level(Gault et al,2000).

This literature review will examine many different aspects of the term ‘over education in the graduate labour market’ and will look the different trends in the labour market, figures such as how many unemployed graduates and non graduates there are, and what type of graduates are progressing in. Also research about the different fields of graduates, likeliness of being recruited in that field, and the different wages and earnings/annum involved in the different sectors of the graduate labour market. Using the

First, college degree graduates have better opportunities in finding a high wage job. “Graduates enjoy increased

We can start with the union labor demand elasticity, when wages rise we know that employment has some declines. What we don’t know is how much has employment declined by and how responsive is employment going to changes in the rise of wage rate.

In the competitive world today, having a college degree might not benefit a student as much as before, thus opening up numerous questions concerning its necessity. Not only is the number of students desperately trying to enroll in college increasing, but the tuition shoots up as well. However, will college enrollment necessarily be enough to increase your chances of attaining job security? The answer is hotly debated amongst adults and students alike, which opens up the second option for students, that is, joining the work force. Although this option is generally shunned by the new generation, the tough economy and slow restoration makes it quite a desirable choice at the moment. Joining the work force is a hard decision to make as it

At the same time students today face a higher chance of unemployment after graduation. This

Recent statistical data has shown that university graduate jobs are in decline. In fact, studies have shown that less and less individuals are finding full-time employment occupation once completing university. This is evident in a study conducted by National Institute of Labor Studies at Flinders University (2016) which determined that between 2008 and 2014, the percentage of recent university graduates in full-time occupation declined from 56.4% to 41.7%. This is also substantiated by Tom Karmel, assistant professor at Flinders University (2016) who argued that university graduates outnumber the

Using the Demand- deficient theory of unemployment, which is the Keynesian view of unemployment that suggest high real wages cause long term unemployment, I will examine whether this

Student employability: People are seeking educational opportunities to survive the world of work. Higher education should take steps to enhance student employability. Institutions are responsible

There is a trend for graduates to work more in high skill jobs than for non-graduates. The combination of rising number of graduates in the population and decline in

In the last three decades there has been a rapid expansion of UK higher education increasing the supply of graduates in the labour market. Due to the increase in the number of graduates, they are now experiencing the incidence of over-education. Over-education in the graduate labour market refers to the situation where graduates are required a sub-degree level of qualification. As recent graduates are not equipped enough to succeed in the graduate labour market, they are forced to accept non-graduate jobs. This has resulted to UK higher education institutions with the pressure of graduate employability. Therefore, in order for graduates to succeed in the graduate labour market, they