Support 100 years of independent journalism.

  1. Business
22 November 2012

Students, keep doing that studenting

Your time is coming.

By New Statesman

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

Sign up for The New Statesman’s newsletters Tick the boxes of the newsletters you would like to receive. A weekly newsletter helping you fit together the pieces of the global economic slowdown. Quick and essential guide to domestic and global politics from the New Statesman's politics team. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.

Content from our partners
“I learn something new on every trip"
How data can help revive our high streets in the age of online shopping
Why digital inclusion is a vital piece of levelling up