Is University Worth It?
The age-old question has taken on more than a little sharpness when we bear in mind rising costs for going to university, as well as rising record young adult unemployment. At long last we might be getting some of the answers.
The government has announced that the National Statistics Office will now be collecting statistics about employees’ universities under the Labour Force Survey.
Some 110,000 people in over 50,000 households are questioned on a quarterly basis, in order to help government plan employment policy. It has included qualification levels and will now also include asking which institution was attended.
Over time it should be possible to measure how relatively successful different universities’ graduate are. This should also allow for changes over time, and whether a graduate from x university outperforms one from university y at the ages of 25, 35 and 50. Whilst job levels and salaries are not the only measure of success as to whether a degree has been of real benefit to an individual, up until now they have tended to be implied and inferred from alumni statistics and a variety of non-specific data.