"But employers still want graduates"
That wasn't exactly the point that I was making (sorry if I wasn't too clear).
The pp mentioned graduating 40 years ago. At this time, the number of graduates was tiny compared to today.
There was a genuine 'graduate premium' for having a degree.
I don't know the exact figures off the top of my head, but today I think that there are around five times as many people graduating with first degrees every year compared to forty years ago.
Unfortunately, the economy has not grown over that time to create five times as many high-value jobs that require graduate skills and offer a 'graduate premium' in terms of pay.
As a result, there is a great deal more competition for what might be considered a 'graduate job'.
The pp was considering the situation forty years ago when one could indeed walk into a good job with a BA in Business Studies. Things are very different today.
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"Brexit hasnt helped any of the economic issues. "
This situation long predates anything at all to do with Brexit.