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).

Collins Dictionary of Sociology, 3rd ed. © HarperCollins Publishers 2000
References in periodicals archive ?
? Salaries for new teachers, which are set to rise to PS30,000 by 2022-23 in a bid to make their starting wages among the most competitive in the graduate labour market.
The move would make entry rates for teachers among themost competitive in the graduate labour market, while there are also plans to improve pension plans for the public sector workers.
Schools minister Nick Gibb said: "The number of teachers in our schools remains high, with more than 453,000 across the country despite an extremely competitive graduate labour market and the lowest levels of unemployment for decades.
This is down to its unusual graduate labour market with many well-paid jobs in engineering and a relatively low cost of living.
Sri Lankan Graduate Labour Market: A Status Mismatch.Journal of Economics, Business and Management, 5(1), 63-68.
An additional 32,000 trainee teachers were recruited last year, despite an extremely competitive graduate labour market which shows that teaching continues to be an attractive career."
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.
Urwin (2006) Education and Skills Mismatch in the Italian Graduate Labour Market. Applied Economics 38:1, 79-93.

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