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At last, someone with clout,stating the obvious.
Australia’s post-secondary education sector needs to be overhauled as young people flood the job market with worthless degrees while hundreds of occupations that require only vocational qualifications struggle to find applicants for well-paid jobs.
Australia’s skills tsar Barney Glover says 15 years of government policies designed to encourage young people to enrol in university have tipped the scales too far, leaving graduates without bright futures and vast tracts of industry without the skills they need.
In the decade to 2021, with both political parties in power, higher education qualifications grew by 67 per cent and vocational qualifications by 25 per cent, with the total population growing by 14 per cent,” said Professor Glover, who is the commissioner for Jobs and Skills Australia, the federal agency tasked with mapping the nation’s skills needs now and into the future.
“It really does put an imbalance into the post-secondary profile. We need to rebalance that to meet the jobs of the future.”
In NSW more than 90 per cent of the 400 occupations on the critical skills shortage list require only vocational qualifications.
large reason for the shift away from vocational and into higher education has been federal government policy. A 2008 national review recommended that 40 per cent of young people hold a university degree by 2020, leading to massive growth in the student population.
A second review known as the universities accord, published this year, recommended the proportion of young people with a degree rise to 55 per cent.
Professor Norton said the graduate premium, the additional amount of money people make over a lifetime because they hold a degree, has been diminishing over time, as more people gained degrees.
“The graduate premium is still there for people at the upper end of the ATAR spectrum, but it’s relatively high risk for people who are lower down the ATAR scale,” he said.
“So unless they really enjoyed their three years at university, it’s probably not going to be money well spent.”
Why we got it wrong on education and skill shortages
After 15 years of policies encouraging people to go to university, Australia’s skills tsar says it is now time for a reset if we are to address chronic skill shortages.
www.afr.com
Australia’s post-secondary education sector needs to be overhauled as young people flood the job market with worthless degrees while hundreds of occupations that require only vocational qualifications struggle to find applicants for well-paid jobs.
Australia’s skills tsar Barney Glover says 15 years of government policies designed to encourage young people to enrol in university have tipped the scales too far, leaving graduates without bright futures and vast tracts of industry without the skills they need.
In the decade to 2021, with both political parties in power, higher education qualifications grew by 67 per cent and vocational qualifications by 25 per cent, with the total population growing by 14 per cent,” said Professor Glover, who is the commissioner for Jobs and Skills Australia, the federal agency tasked with mapping the nation’s skills needs now and into the future.
“It really does put an imbalance into the post-secondary profile. We need to rebalance that to meet the jobs of the future.”
In NSW more than 90 per cent of the 400 occupations on the critical skills shortage list require only vocational qualifications.
large reason for the shift away from vocational and into higher education has been federal government policy. A 2008 national review recommended that 40 per cent of young people hold a university degree by 2020, leading to massive growth in the student population.
A second review known as the universities accord, published this year, recommended the proportion of young people with a degree rise to 55 per cent.
Professor Norton said the graduate premium, the additional amount of money people make over a lifetime because they hold a degree, has been diminishing over time, as more people gained degrees.
“The graduate premium is still there for people at the upper end of the ATAR spectrum, but it’s relatively high risk for people who are lower down the ATAR scale,” he said.
“So unless they really enjoyed their three years at university, it’s probably not going to be money well spent.”