Can you afford not to go to university? – Agenda – The World Economic Forum

English: Official logo of the World Economic F...

English: Official logo of the World Economic Forum. (Photo credit: Wikipedia)

The WEF reports that new data shows that millennials with a higher education have a better chance of finding well paid work.

Source: Can you afford not to go to university? – Agenda – The World Economic Forum

I’ll go along with the assertion that university education is increasingly important but it’s not that simple. Firstly, some university degrees are much more useful than others – there are two qualifiers, the status of the university and the subject studied.

However, the article misses the point completely about less academic millennials, they need apprenticeships to learn skills too. Why are these readily available in Germany but less so in other advanced countries?

Overall, there’s an important need to match supply and demand – for now, there are too many imperfections in the education system. Surely, the education system should generate millennials with the right skills to match available jobs? Also there’s a need for millennials to mix more broadly, not just at university. I think there’s an increasing case to bring back national service – this doesn’t need to be restricted to military service, it could cover social care and community work.

Education is important but it’s not a panacea. For many young people practical skills are possibly more marketable than their education.



Opinion – Bring on the hipsters – Gentrification is good for the poor | The Economist – John Gelmini

English: Gentrification Gentrification of Butl...

English: Gentrification Gentrification of Butlers Wharf as seen from the top of Tower Bridge London July 1987 (Photo credit: Wikipedia)

English: Gentrification of Victorian terraces,...

English: Gentrification of Victorian terraces, Bolton Rd The stone cladding & double glazing are a clear sign of gentrification. (Photo credit: Wikipedia)

As Dr Alf says, there are no gains for the poor, and in the UK the effect is designed to clear these marginalised people out of London and move them to cheaper parts of the country.

Where I live, people who cannot afford to live in Cambridge or locally are being removed and sent to places like Luton or places in the North of England, whilst those who fall foul of the benefit cap are made to live in poorer accommodation.

What happens in America is more stark because the welfare net is a lot thinner.

John Gelmini