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The reality is that a good bit of the earnings increase provided by a degree – we do not know how a lot – is likely to come from the truth that a graduate has, within the eyes of employers, jumped by a hoop in a world where growing numbers of their peers are doing likewise. If everybody else going for that bar job has a level, you’d better have one too. It is changing into more widespread bid4paper to have a degree in jobs for which you wouldn’t have wanted one 30 years ago. South Korea supplies a cautionary story: 70% of the nation’s college-leavers go to college, but latest graduates are facing comparatively high rates of unemployment , and it’s not unheard of to find graduates working as caretakers.
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