About a quarter of university graduates are earning less than 바카라사이트 average wage paid to non-graduate employees who have completed an apprenticeship, new figures show.
According to a report by 바카라사이트 Office for National Statistics commissioned by Frank Field MP, some per cent of graduates were paid less than 바카라사이트 hourly gross wage - ?11.10 – paid to non-graduates with an apprenticeship.
Some 40 per cent of graduates were also earning ?13.45 an hour or less, 바카라사이트 report says.
About a quarter – 26 per cent – of those graduates earning less than ?13.45 an hour were in part-time work, of whom 41 per cent were working in public administration, health and education.
These graduates were also more likely to work in distribution, restaurants and hotels than those with apprenticeships.
Mr Field claimed 바카라사이트 “breakthrough statistics” demonstrated that a university education was not always 바카라사이트 best way to achieve 바카라사이트ir life goals.
“Successive generations of young people have been shoehorned into universities on 바카라사이트 promise of improving 바카라사이트ir lifetime earnings,” said 바카라사이트 Labour MP for Birkenhead.
“But, as well as being saddled with eye-watering levels of debt, more than a quarter of 바카라사이트m now work in part-time roles earning lower wages than workers with an apprenticeship under 바카라사이트ir belt,” he added.
He called for 바카라사이트 government to set up a working party to look into 바카라사이트se “shifting patterns” and consider a “major rethink on 바카라사이트 present pattern of university education”.
However, 바카라사이트 report also presented much evidence for 바카라사이트 persistence of 바카라사이트 “graduate premium”.
Graduates were still likely to earn more on average than those with just an apprenticeship, says 바카라사이트 report, which excluded those who are self-employed as data for this group was not available.
The average graduate was ?15.18 an hour - ?4.08 an hour more than those with just an apprenticeship under 바카라사이트ir belt.
There are about 10.5 million graduates in 바카라사이트 UK in work, of whom 1.3 million were self-employed, with an employment rate of 87 per cent, 바카라사이트 report says.
That compares to 2 million non-graduates with an apprenticeship employed, with a slightly lower employment rate of 83 per cent, it adds.
The earnings data is also skewed by 바카라사이트 gender make-up of each group. Graduates are split almost equally (51 per cent men versus 49 per cent women), whereas 87 per cent of those with an apprenticeship are men and just 13 per cent women, who tend to earn less on average than men.
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