GETTING A GOOD EDUCATION WILL NOT GUARANTEE A PROSPEROUS FUTURE – According to an article in the Daily Mail today the number of graduates taking menial jobs, such as shelf-stacking or sweeping the streets has double in the last six years and is likely to worsen.
Full Story – Daily Mail
Meebal.com says… I’ve actually written a couple of articles on the notion that people are still convinced that a good education and more importantly a degree will guarantee a better paying job and a prosperous future.
Watch the video above and whilst this main pertain to the issues in the U.S the problems it covers are being largely mirrored in the UK.
Look closely at just how many students are now entering University simply because it is perceived that they will be able to land a high paying job once they graduate and also that it is better to study rather than trying to find a job on minimum wage.
The truth is that many University students work their way through their years at University in order to pay for tuition fees, accommodation, food and study materials; and almost all work on a minimum wage.
What many fail to realise or understand is the basic economic principle of ‘supply and demand’ and in a recession companies often start the cut-backs in middle management; most of who are graduates.
As with the U.S the UK is suffering from an over-supply of graduates and there are simply not enough jobs to go around. This now leaves many students in the precarious situation of having to repay student loans whilst struggling to find work – even at minimum wage.
There is of course nothing wrong with a good education but there is a growing perception that the education systems is failing its students by not providing students with what is truly essential; real world experience.
Look closely at the world’s richest people; for example Bill Gates, Founder of Microsoft and Mark Zuckerbery, Founder of Facebook; both dropped out of Harvard in the belief that no school could teach what was necessary to succeed and therefore pursued their dreams in the real world.
Education is a highly valuable thing but no classroom can ever compete with learning in the real world. Often textbooks are outdated and written by academics with no ‘real world’ experience and without this vital element how can they expect a student to excel?
In my long and varied career some of the dumbest people I have ever met are those with University degrees. For a start they think they know it all; just because they absorbed and are able to regurgitate the garbage that they were taught. In the real world their verbose means nothing and the real education often comes after they finally land a job and those who are smart enough quickly realise those years in University were wasted.
I’m an entrepreneur, I’ve never been wealthy and I’ve often been poor but I have loved every moment of my learning experience and with each venture I have learned so much. I believe in free enterprise and I feel that our younger generation needs to move away from the perception that a University degree is the be-all and end-all and that a real world experience will not only teach you far more but it is hugely rewarding both personally and, if you get it right, financially.
Would you rather start your own business and learn as you go along or do you think that it’s necessary to have a degree in business before starting? Please leave your comments below.