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We need to have less graduates or find jobs for graduates! Watch

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    The big fail with this argument is that the problem is unemployment in general ie there are not enough jobs in general.

    If you cut the number of graduates you won't have fewer unemployed. You will have fewer unemployed people with the status of 'graduate' but will just have more 'non graduate' unemployed. Being a non graduate does not give you an advantage in employment.

    So yes if there are fewer graduates it will benefit those who are graduates but that is not an argument for doing it. Otherwise you could say stop providing free education and make sure that only people willing to pay private school fees get education. That would mean that those who were educated got a return on it - these days any old Tom, **** and Harry can read so where's the employment advantage of literacy...?
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    (Original post by Tommyjw)
    I do agree, but there is more much apparent in the way people think in TSR. People i know in real life, from whatever university doing whatever degree, all accept and are happy with stuff such as this much more than the people on this forum appear to be.
    That is because many people here are still sixth formers or first years and have no idea about the realities of the job market.
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    (Original post by MagicNMedicine)
    The big fail with this argument is that the problem is unemployment in general ie there are not enough jobs in general.

    If you cut the number of graduates you won't have fewer unemployed. You will have fewer unemployed people with the status of 'graduate' but will just have more 'non graduate' unemployed. Being a non graduate does not give you an advantage in employment.

    So yes if there are fewer graduates it will benefit those who are graduates but that is not an argument for doing it. Otherwise you could say stop providing free education and make sure that only people willing to pay private school fees get education. That would mean that those who were educated got a return on it - these days any old Tom, **** and Harry can read so where's the employment advantage of literacy...?
    Not to mention that the very people who create large numbers of jobs are, by and large, graduates.
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    (Original post by MagicNMedicine)
    The big fail with this argument is that the problem is unemployment in general ie there are not enough jobs in general.

    If you cut the number of graduates you won't have fewer unemployed. You will have fewer unemployed people with the status of 'graduate' but will just have more 'non graduate' unemployed. Being a non graduate does not give you an advantage in employment.

    So yes if there are fewer graduates it will benefit those who are graduates but that is not an argument for doing it. Otherwise you could say stop providing free education and make sure that only people willing to pay private school fees get education. That would mean that those who were educated got a return on it - these days any old Tom, **** and Harry can read so where's the employment advantage of literacy...?
    At least you won't have the big bubble of student debt if there are less graduates. There was an excellent article in the economist a few days back about the education bubble in the US, and many of the arguments(too many graduates, degree inflation, rising student debt) apply to the UK as well.
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    (Original post by ish90an)
    At least you won't have the big bubble of student debt if there are less graduates. There was an excellent article in the economist a few days back about the education bubble in the US, and many of the arguments(too many graduates, degree inflation, rising student debt) apply to the UK as well.
    Well I expect graduate debt will be the 'housing debt' of the future. We will hear people blaming the economic crisis of the future on today's generation of students - "they simply borrowed beyond their means"
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    (Original post by MagicNMedicine)
    Well I expect graduate debt will be the 'housing debt' of the future. We will hear people blaming the economic crisis of the future on today's generation of students - "they simply borrowed beyond their means"
    At least for now government isn't aiming to increase the number of university students. The other big difference is these debts aren't, at least for now, on the books of private banks so they are less likely be wrapped and sold as AAA securities. The one way this whole situation can be avoided is if the HE cuts kick in fast enough so we see courses and universities being shut down and less students going to university. It will increase short term unemployment and so may be politically suicidal for any government to explicitly shut courses or state they want to reduce student numbers but at least it brings back some balance to the HE system.
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    (Original post by MagicNMedicine)
    Well I expect graduate debt will be the 'housing debt' of the future. We will hear people blaming the economic crisis of the future on today's generation of students - "they simply borrowed beyond their means"
    How so? Unless they do get sold off (which would be an assumption that would need stating) even if nobody paid anything back it wouldn't cause the Govt any problems directly.

    Sure the country would have to be a mess for that to be so, but at no point can anyone 'default' because of non-repayment of student loans.
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    I'm sure there's something useful we could do with all these jobless graduates....

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