Students, keep doing that studenting

Your time is coming.

One of the overriding trends of the recession amongst graduates is simply to continue educating themselves, racking up masters and pHDs, putting off entering the market place in the hope things will eventually pick up.

Much has been written about what a bad idea this is, with entrepeneurs like Peter Thiel suggesting university is a bad investment in the first place.

But according to one study, the lifelong students are right. A study by  McKinsey has found that the next big employment trend will be a shortage in highly educated workers from advanced economies. Talent is predicted to be thin on the ground, as an 18 million shortfall in skilled workers is on its way.

Here's a graphic from McKinsey:

McKinsey

No massive rush to graduate. Photograph: Getty Images
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Word of the week: Michellania


Each week The Staggers will pick a new word to describe our uncharted political and socioeconomic territory. 

After brash Republican presidential nominee Donald Trump paraded his family at the national convention, the word of the week is:

Michellania (n)

A speech made of words and phrases gathered from different sources, such as Michelle Obama speeches and Rick Astley lyrics.

Usage: 

"I listened hard, but all I heard was michellania."

"Can you really tell the difference between all this michellania?"

"This michellania - you couldn't make it up."

Articles to read if you're sick of michellania:

Do you have a suggestion for next week's word? Share it in the form below.