"The competition for graduate jobs is not just all because of AI filling out forms or taking away jobs. It's also because of the stalling of our economy and it's also because of a surfeit of graduates. So I feel that that simple promise [of a good job] has now become conditional on Which university did you go to? What course did you take?"
"The personal equation of the university as a vehicle for social mobility, almost as a passport to social mobility, meant that if you got a degree, you were certain to get a job as a socially mobile citizen. But now I think it has become a visa for social mobility it means you've got a chance to go and visit that place called social mobility. Maybe you'll make it there, maybe you won't."
UK higher education expansion has produced a surplus of graduates, eroding the guarantee of good jobs from a degree. With nearly half the population entering higher education, the graduate pay premium has shrunk and competition for graduate roles has intensified. Competition stems from stalled economic growth, increased numbers of domestic and international graduates, and technological change including AI. The likelihood of employment now depends more on institution and course choice than mere degree possession. Political consensus has shifted away from a 50% participation target. Sociological analysis predicted that mass higher education would change the status and value of degrees.
Read at www.theguardian.com
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