graduate labour market

graduate labour market

that sector of the LABOUR MARKET in which only, or mainly graduates are employed. This market has recently expanded to include an increasingly wide range of employment, as the number of graduates seeking jobs expands and as more employers seek to, or are willing to, employ them. This involves a downward substitution of graduates for non-graduates, from the point of view of graduates, and an upward substitution from the point of view of employers.

Directly related to the expansion of HIGHER EDUCATION in modern societies in recent decades (see also MASS HIGHER EDUCATION, UNIVERSITY, POLYTECHNIC, NEW UNIVERSITY), the implications of this transformation of graduate employment have been a matter of considerable speculation, including discussion of the possible consequences of:

  1. shortages of graduates in some areas (e.g. some branches of engineering), alongside an apparent oversupply in others;
  2. the appearance, for the first time, of graduate unemployment, or longer periods of job search than previously;
  3. the possible ‘underemployment’ of some graduates as some move down-market, i.e. the apparent paradox of ‘educational upgrading’ coupled with ‘underutilization of abilities’ (Berg, 1970).

Such problems are sometimes made the basis of arguments for a check to the expansion in higher education overall, especially in areas of low employer demand, and a redirection of some resources to shortage areas (see also CREDENTIALISM). Another viewpoint, however, is that the problems are mainly ones of adjustment to the new conditions provided by an expanded supply of educated labour, and the value of a continued expansion of higher education should not be in doubt (see POSTINDUSTRIAL SOCIETY; see also SOCIAL DEMAND FOR EDUCATION).

References in periodicals archive ?
Dalvinder Sanghera, employer engagement manager for the Faculty of Business and Law at Coventry University, said: "Employability is a big initiative for Coventry University and our focus is on encouraging students to gain industry placements and work experience to enhance their chances in the graduate labour market.
The study revealed a mixed picture of good and bad developments in the graduate labour market.
Some evidence suggests that although graduate employment has reportedly returned to pre-GFC levels, widening participation policies means an oversupply of talent and a soft graduate labour market (AUIDF 2013).
graduate labour market [4], 38% of all graduates were overeducated in their first job.
This is leaving too many young people with an unnecessary burden of debt as they enter the workplace, warned the report, entitled Over-qualification and Skills Mismatch in the Graduate Labour Market.
Urwin (2006) Education and Skills Mismatch in the Italian Graduate Labour Market.
An analysis of the gender wage gap in the Australian graduate labour market, 2013.
In United Kingdom (UK), the graduate labour market continues to attract research interest.
This is inconsistent with Brinton and Kariya's finding that, in the Japanese graduate labour market, social embeddedness is the least likely channel into large enterprises, with the atomistic channel in the middle.
The graduate labour market continues to be tough and it will not be easy, particularly for those who lack employability skills.
Certainly if somebody is sloppy with their application they are probably not likely to make it in the graduate labour market.
Employability skills initiatives in higher education: What effects do they have on graduate labour market outcomes?

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