Impact Of Education On The Uk

Supporters of getting a college degree often point to the statistics that college graduates earn more than their high school educated peers over a lifetime. Statistics by the U.S. Census Bureau reports that since 1977, “Adults with bachelor's degrees in the late 1970s earned 55 percent more than adults who had not advanced beyond high school. That gap grew to 75 percent by 1990 -- and is now at 85 percent.” A gap of an 85% pay difference is a huge figure and a clear reason why college is a great option for some people. But there are problems with that figure because when the number of college graduates who are either unemployed or underemployed is taken into account it changes the value of the statistic. In an article by Businessweek’s Richard Vedder we get statistics to counter that argument. He tells of how the number of new college graduates far exceeds job growth in technical, managerial, and professional jobs where graduates traditionally have searched for employment. As a consequence, we have underemployed college graduates doing jobs historically performed by those with just a highschool education. He says we have “more than 100,000 janitors with

When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force

In Charles Murray’s article “Are Too Many People Going to College”, Murray agrees with John Stuart Mill who told students at the University of St. Andrews in 1867 that the object of attending college is not to make skilled lawyers, doctors etc., but make competent and cultured human beings. If a four-year degree is considered a pre-requisite to being a competent and well-rounded adult, why would we limit the number of people attending college – we should encourage more, not less to take this path. Our society sees a college degree as a form of a guarantee to a high paying job and there are peer pressures related to the class division seen between those who hold a B.A. and those who do not. As the wealth in our country has grown, the ability

A college education is necessary to get a job that pays well, or to get any good job. Any, and every job that is ‘worth’ having requires some type of higher education, whether it relates to the job or to show general experience, a degree is required. “This calls for greater access to a college or university

In recent years, the UK has seen many major changes in the Higher Education which has affected the graduate labour market in many ways (Wilton, 2010). In 2013 there were 12 million graduates in the UK; a ‘graduate’ is classified as a person who has left education with qualifications above an A-Level standard, such as a university degree. In April to June 2013 there were 31 million people in the UK who were not enrolled on any educational course (ONS, 2013).

The Education system of England and Wales underwent a number of important changes since 1944. This essay seeks to concentrate on these major changes describing the rationale and impact they had on the British education system.

The recession has demonstrated the social and economic affects of higher education on society, with the recession having a greater, negative, affect on individuals who attained lower levels of education . The unemployment rate in 2009 was lower, with higher average wages, for people who did not drop out of school and was successful with higher education . This is suggesting that education, beyond GCSEs, has become “essential” for 21st century careers . This is supported by the inflation of examinations being taken , which is reducing “the relative economic value” of the qualification . This means for stronger financial development in a career, more education is required – as well as experience in the field to stand out against other candidates.

Though many people have been questioning whether education is a wise investment, research has shown that the benefits of education still outweigh the costs. Different education levels have different returns in terms of investment. Despite the rate of college-educated workers rate of unemployment remaining low, they are struggling to fit in the job market. What amounts to uncertainty in the benefit of college education is the struggle that comes in paying education loan debts and the rising cost of education. With the return on investment in education remaining at 15%, most people would argue that is not a sound investment. Those with less education struggle more especially in the past decade.

A persistent trend in the growth rate of immigrants to the UK has been observed since the 1950s and that caters for a diverse ethnic society (Bell 1997). Simultaneously, we’ve seen a sharp rise in those participating in any form of qualification/education and this is most prominent for those obtaining higher education qualifications. (Dolton, Silles 2008) However, in some cases there seems to be a drive to obtaining more qualifications than others and this sometimes results in over-qualification, a phenomena many have accounted for providing its determinants, the extent of its existence (Battu, Seaman, & Sloane, 1999) and how it affects the returns for those in the labour market that fall into this category of “over-educated” (Sicherman, 1991). Although previous studies have lightly focused on how over-education affects earnings, studies either focus on the US labour market (Rumberger 1987) or when they do focus on the UK, its effect are assessed only for ethnic minorities. (Lindley 2009).

In today’s’ society, success is often measured by academic and professional achievement. Higher education provides more opportunity and freedom. Statistics verify that generally, the more highly educated have higher earnings and there is a significant difference between wages earned by employees with College degrees and those without. Higher education is often perceived as a means to a ‘better life’ .Though many recognize the benefits of higher education, the rate at which students leave in their first year of College is still very high. Students leave their first year of College for

Every graduate hopes to secure a job worth the time and the education that he/she has. However, this is not the case in the UK job market. In the recent times, there has been a high number of graduates who cannot secure jobs worth their educational investment. The situation may affect the psychology of students since there is diminishing motivation to pursue higher education. Although it is difficult to measure the level of over educated employees, there is a valid claim of over education in the UK. Over education is a direct measure between the appropriateness of a job and the academic qualifications that an individual has. So far, it is an evident fact that investing in education does not reflect on the wages from employment.

Attending university has been considered “the first choice” up to now. If you pass any university, especially, famous one, you surely will bring a big pride for your family. There are many people who often have thinking that anyone who has a university degree will have good job opportunities with high salary. However, why are there a millions of graduates that are

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

The incident of over-education may require more of prospect students when choosing which course degree to undertake. The degree of competition is increasing, so much that young people may consider other pathways alternative to academic.

There has been a developing literature discussion attempting to explain over-education in the graduate labour market due to the remarkable annual growth of graduates in the UK. Economically speaking, there has been an increased supply of graduates and a substantial demand for jobs where vacancies are unable to match at the “equivalent” rate to the risen amount of new workers (Thornton, 2011). Studies consequently suggest that human capital is not being fully utilised (Green et el., 2002) within the economy resulting over-education and mismatch of skills (Dolton & Vigonoles, 2000). Research from Thurow & Lucas (1972) illustrates a model of