The beginning of today's propaganda article in the ST says:
Students who left university this summer are starting on lower salaries in real terms at some of the UK’s leading companies than those who graduated three years ago, a report will reveal this week.
A graduate who has managed to get a job, unlike so many of them, typically started on £32,000, according to the Institute of Student Employers (ISE). In absolute terms, this is a 3.2 per cent rise from 2023-24 but a real-terms drop of £3,559 since 2021 when adjusted for inflation. If salaries had risen with inflation, this year’s graduates should be starting on £35,500.
Experts say it is a “tough” jobs market in which the value of having a degree is dropping, while the experience of those who did not go to university — and therefore do not have huge amounts of student debt — is better.
I didn't realise drampa has linked to an older article so it just shows how the ST keeps banging tis anti uni drum.
Later in the same article it admits:
This data is evidence that school-leaver salaries are increasing at a faster rate than graduate salaries. Average graduate starting salaries have also not kept pace with inflation.”
The good news, he said, was that graduates could expect their salaries to rise sharply once on a graduate training programme. Within three years, they are typically earning £45,000.
Arguably, therefore, although salaries at start should definitely be keeping pace, there is a pick up a few years down the line. I think it is important for YP to see earnings , if they are motivated by earnings, as a longer term thing, not an immediate gratification.
Sorry, don't know how to do a share token for whole article.