The Intelligence from The Economist

I’d like not to thank the academy: graduates’ fortunes slip

50 snips
Jun 19, 2025
Join Callum Williams, Senior Economics Writer, and Oliver Carroll, Ukraine Correspondent, as they dive into the waning job market for graduates, questioning the age-old belief in the power of a degree. They discuss the impact of AI on early-career jobs and the shrinking appeal of higher education in the US. Meanwhile, Carroll provides gripping insights from the frontlines of Ukraine, detailing the latest Russian offensives and the evolving tactics in this ongoing battle. Plus, stick around for some essential book recommendations!
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INSIGHT

Graduates Losing Their Edge

  • Young graduates in rich countries now face higher unemployment rates than the national average.
  • The university wage premium is shrinking and graduate job satisfaction is falling.
INSIGHT

Skills Gap Closing Between Grads and Non-Grads

  • Employers value skills that are no longer exclusive to graduates.
  • Entry-level jobs often require digital literacy now accessible to non-graduates.
INSIGHT

Elite Overproduction Risks

  • Elite overproduction can lead to political unrest and social instability.
  • Historical examples include revolutions fueled by an excess of educated people.
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