Education and Employment in the UK

It does not come as a surprise that one of the thriving industries in times of economic crisis is tertiary education. Enrollments double if not triple as young adults decide to go back to schools and prime themselves in anticipation of recovery. The issue seldom mentioned is the fact that not all young adults have the means or rather the luxury to obtain those additional degrees. This puts them in a rather disadvantage position when it comes to job search as they are of less value than their school-returning peers. In other words, they can never break away from the vicious cycle of no education-no employment. This is indeed the plight of approximately 22 percent of the young adults in the UK whose future hangs in the balance, not to mention the implications that it may have on the nation’s future as a whole.

While critics may argue that tackling this issue will bring no significant improvements in their employment prospects since there just isn’t enough aggregate demand in the economy fundamentally, it is also sensible to argue that the different starting points of these two groups of young adults has already put those with less education in a weaker position regardless of whether times are good or bad.

It is thus justifiable for the relevant authorities to correct this failure either by providing training opportunities to boost their competitiveness or providing support for them to return to school and gain that extra knowledge. Austerity is necessary but should we jeopardize the future of the next generation in its pursuit?