Educated young people have a better chance of finding work in the years ahead than those who don’t, according to an independent think tank.
Key points:The report from the Centre for European Policy Research (CEPR) says there will be a labour shortage of the future, and the best way to get young people into work is by educating themThere are fears that education is the key to the future employment picture for the youngThe report predicts a massive increase in demand for educational courses and jobs in the coming decades, with young people expected to become more educated in the next few decades.
“The future employment prospects of the young and the young-at-heart are increasingly linked to their degree-level education,” the report said.
“In addition to the traditional reasons for young people to seek employment, there is also the growing demand for a career in education and higher education.”
The report, commissioned by the Association of British Universities (AUB) and the London School of Economics, said there will not be a job shortage in the short term.
The report said that there is a clear correlation between the number of people in the labour market and the number who have completed their education.
“There is no shortage of labour, but there is an increased demand for graduates and young people who have achieved an advanced degree,” it said.
“There are increasing numbers of graduates and many more young people in employment, yet the demand for university graduates is lower than the supply.”
The UK is home to about half the world’s population, and there are fears the shortage of young people is leading to a labour shortfall in the future.
The study found that in 2020 there were about 4.8 million more people aged 16 and over in the UK than there were in 1970.
The figure has been steadily growing since 1990, when the country had just 2.2 million young people.
It said the situation was set to worsen over the next two decades, adding:”A significant number of young and university graduates will be required to take up positions in the workforce in order to maintain the current levels of population growth.”
This means that the future of the labour supply will depend on how well graduates and the labour pool as a whole are trained and trained to meet the needs of the population in the near future.
“The report predicted the UK will have about 2.3 million fewer people aged 15-24 than it did in 2020.”
A further 1.8m young people will need to work during the 2030s,” the study said.
It estimated that the UK’s population will grow by 8.1% over the course of the next 30 years, and that this growth will be accompanied by a decline in the number aged 15 and over.
According to the report, the government’s current plan to help young people aged between 18 and 24 get into higher education will result in a shortfall of 6,500 people over that time period.
The number of jobs in higher education is set to rise by 9% over that period, with around 8,000 jobs being created every year.
In 2019, there were around 2,000 higher education graduates in the United Kingdom.
In the same year, there was an overall shortage of 18,000 university graduates.
The number in the higher education workforce is set at 4.1 million, with about 5,000 new university graduates entering the workforce every year, and about 1,000 more jobs being added every year to the labour force.
In 2020, the number in higher ed had more than doubled to 9,300.
More than 2 million people are currently employed in higher educational institutions in the country.
It estimates there are around 4,000 to 5,200 jobs in various roles in higher learning across the UK.
With the government promising to provide an extra £8bn over the coming three years to help people in higher and further education, the report warns that this is not enough to get the job market going.”
It is essential that the Government is able to sustainably sustain this funding through the 2020s and beyond,” it says.