The surge in graduates in the UK workforce is not necessarily a positive trend for the economy, according to the CIPD. For example:-
- 35% of new hires in the positions of post office and bank clerks are now graduates, compared to 3.5% in 1979.
- 9% of police officers entering the police force as sergeants or lower now hold degrees compared to 2%.
Similar increases are shown in occupations including teaching assistants (36.9% compared to 5.6% in 1999) and property and estate management (41% compared to 3.6% in 1979).
The skills required to perform these jobs have not changed, which calls into question the value – and in some cases longevity – of degrees. At the same time, The Association of Graduate Recruiters (AGR) also reports that the number of graduate vacancies has also fallen by 8% in the past 12 months.