Over-education in the graduate labour market (Researched Literature Essay

Over-education in the graduate labour market (Researched Literature Review) - act ExampleThe universities and the government have thus a responsibility to institute policies to reduce the insurrection incidence of over-education and its effects.Higher education in the UK has expanded in the last three decades and the trend continues. Policy makers liberate this enlargement on two rationales. First, it is important to meet the high-skill labour requirements of a k straight offledge scrimping and second, to add on opportunities in education and, consequently, employment for groups that have been under-represented in higher education in the past (Wilton, 2011). Although this expansion is beneficial in many aspects, there have been no adequate attempts to ascertain the capacity of the economy to absorb the increasing numbers of graduates from the various fields of education, hence resulting into a phenomenon where the demand for labour is ineffectual to keep pace with the supply. U ltimately, some graduates end up getting employment in jobs that do non match their educational qualification. Such workers are overeducated in the labour market (Dolton and Silles, 2008). There is a big body of evidence for the existence of over-education in the UK graduate labour market and its incidental effects.Some eld back, the discrepancy between graduate and non-graduate level jobs was very conspicuous in the UK. University graduates, usually, entered into traditional graduate careers such as medicine and Law or got recruited onto graduate management training programs with prestigious firms. However, in the novel past the graduate market has become more complex especially because of advancements such as rising global competition and development in technology, which demand that the workforce should be more skilled to check into in the current job market. Thus, jobs that in the past did not require a degree now demand a degree, resulting to expansion of higher education as more people enroll to receive degrees hence bringing about competition