The problem with having so many graduates is that having a Degree no longer guarantees a well paid job. Certainly the chap I cited in the opening post never had a job in the past three years that looked as if it was particularly well paid.
I did not attend University, it was not an option in my parents' eyes. Instead I became an apprentice with the RAF and went onto serve in the RAF for several years. Most of the officers I encountered had been to university. Long on argument, great in debating skills and mainly utterly dependant upon the NCOs to get anything done. Frankly the majority of graduate junior officers hadn't an iota of common sense between them. I cannot subscribe to the view that three years of drinking, fornication and taking great bundles of washing home to mummy in the vacations is a good preparation for earning a living in the future. Funny how those who have been to uni are always so quick to defend it as a preparation for life. There are other ways, just as good at honing the essential skills, available to those that wish to follow them. As for the many useless degrees now available through what are no more than renamed colleges of further education they really are not worth getting into debt for and they will not help anyone to a better job or a better future as Uncle Mort's example shows.
Never knock it till you try it.
.. my two kids (one been an one going through) the university process, and it will be worth it debt included, only way they could have done it, and they both have lots of Common sense ! so everyone to there own choice of what they want too do in life. i work in uni health centre, and there are differant types of student i can tell you. but i am proud of what my kids haven done, i would encourage any bright child to do it if they want too. i never had the choice or the brains to do it, so always encouraged but never pushed them to do well. my older son attended special school due to learning difficulties so wasent a option for him, he has a nice job in lime street station and i am very proud of him for doing that.