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OnlyMe

Universitybubble Part Iii

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Not long before even the "official" unemployment figures bust 1,000,000 again.

Fewer jobs for recent graduates

By Robert Watts

(Filed: 06/08/2006)

http://www.telegraph.co.uk/money/main.jhtm...06/cngrad06.xml

The number of graduates unable to find work within three months of graduating has tripled over the past two years, according to Government data

According to data published last week by Treasury minister John Healey, 15,000 graduates were out of work and claiming benefit three months after graduating in 2005. This compares with 5,000 in 2003 and 3,000 in 2002.

UCAS, the university admissions authority, last month published figures showing the number of people who applied for universities by this year's June 30 deadline was 17,184 lower than at the same time last year.

Edited by OnlyMe

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Fortunately Universities are being returned to the ruling classes, only those who have the wealth to invest in their children will be able to afford a place. Some may see t his as elitist, others as equality. However one thing you can be sure of in any socialist country, the politicians kids will always get top places, and top marks.

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Unemployment has been rising for nearly 18 months and several leading economic forecasters are expecting the number of people out of work and claiming benefit will soon top 1m for the first time since 2000.

So it looks like it took 6 months for jobs displacement to begin in anger when the borders opened.

http://www.timesonline.co.uk/article/0,,2087-2300740,00.html

THOUSANDS of students are sitting idly at home for the summer holidays because east European immigrants have moved into the low-paid casual jobs they used to do — such as serving behind bars, helping in offices and picking fruit.

I posted a few months ago about how casual work during summer was an important part of keeping a lid on debts when I was in further education, compund interest on even low amounts of debt can be crippling, especially when the banks are free to set any rate they like at high multiples of BOE base rates. The dreadful spectre of increased debt/increased tuition fees, increased living costs IS going to be political and financial dynamite in the not too distant future - banrupt a generation and they will not take kindly to it.

Many affluent parents, who have reaped the benefits of cheap labour from eastern Europe, are for the first time experiencing the downside of mass migration

Tough, the bad news is that this is just the beginning, get prepared to finance the debt burdon of some of your children for years or even decades. More MEWas the country enters a tailspin of debt, default and misallocation of capital on a scale never seen in history and never to repeated (because by the end it there will be such a mess that there will be no broom big enough to sweep it up).

Fortunately Universities are being returned to the ruling classes, only those who have the wealth to invest in their children will be able to afford a place. Some may see t his as elitist, others as equality. However one thing you can be sure of in any socialist country, the politicians kids will always get top places, and top marks.

Any country has to make full use of talent. A retrograde step, another misguided, malfunded policy about to deliver the exact opposite of what it proposed to do.

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Just a shame that when they have their worthless degrees and huge debt, they won't be arsed to do anything about like march through london every day for as long as it takes.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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