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  9 months ago

Life for upcoming graduates | Will their hard work ever pay off?

Many young graduates are entering into a world of uncertainty and instability, as companies freeze recruitment and unemployment rates growing - will the global economy, which is set to experience its biggest recession since World War Two be the final blow? For some, it's suggested that this could be the worst time to start their careers and some worry how this less-than-ideal beginning may define it.

A recent report, titled "A Bad Time to Graduate," suggests the Class of 2020 will have some of the hardest times entering the labour market - for both skilled and unskilled positions and highlights that “experience from previous recessions tells us that graduates will be less likely to find work and will start off in lower-paying occupations than they might have expected,” the report mentions.

After years of intense studying, all students hope for bright employment opportunities and high salaries - however, currently “at the point of graduation is likely to be substantially more difficult than back in 2008-09, suggesting a bigger hit to employment prospects and earnings."

On the other hand, some graduates may not be as unlucky - owing to the fact that some enterprises are now favouring 'cheaper' graduates over experienced workers to save on bigger salary outlays from the beginning of their recruitment.

But, as opportunities diminish for young people's before their very eyes - how must governments react to ensure more prosperous futures for our youth? Are University degrees still the way forward as education costs rise and potential future earnings plummet?

Have you recently graduated and know someone who has? What is your or their experience?

Let us know your thoughts in the comments below!

Influence your world,

Toluna Team


  9 months ago
My son has just graduated from a medical course and now he is reviewing for his licensure examinations.
The pandemic does not bother him at all. He is very positive to land in a job after he gets his license because his field of specialization is needed at the current situation.
It might be a little tough to land on a job right now because of the economic crisis that the whole world is facing but definitely, they need a degree to survive in this competition even though the cost of education is high.


  9 months ago
In general, the College Board considers the practical benefits of higher education in the 21st century to include:
Economic: As the Bureau of Labor Statistics stats reveal, people with some form of higher education earn more money and have a lower probability of unemployment.
Health: Gainful employment and a positive cashflow take away the stress factors associated with financial insecurity. As such, you are likelier to live a happier and healthier life with some form of college under your belt.
Civic involvement: People with gainful employment and financial resources often give back to the community. When you earn well and your network expands, you are more likely to give to charity and become involved in volunteer work.
Personal development: People with careers tend to lead more structured lives and have a stronger sense of responsibility, traits that serve as strength-builders in other areas of life.
Better communication: Most jobs involve some form of written or verbal communication. As such, you will generally improve in both areas during your college and professional career.
Realization of passions: As with most people, the more you learn, the likelier you are to find your true passions in life. Through the education process, you can explore the various facets of a prospective field and find your strengths.
Greater sense of discipline: The regiments of education can instill you with the discipline required in the professional world. By learning to follow complex instructions and meet strict deadlines, you will be better prepared for the rigors of the marketplace.
Sense of accomplishment: Each time you complete a school assignment or job task, it’s the product of your talent and hard work.
As you can see, the benefits of higher education in the 21st century are not just career-oriented. Being able to develop yourself is invaluable, and having a higher education helps you do that.


  9 months ago
It's difficult to find a job because many competitions and specially this pandemic many companies closed and if u have work u will have salary deduction.


  9 months ago
Education is one thing which always pays to human in one form or other in short an educated person's education will not get wasted unless he himself doesn't care for it, that is it is a very good luck that you get what you want after education but some time it take time and here the person gets out of patients, so in short it takes time but it pays you as you worked hard to get educated


  9 months ago
yes it will off course impact the newly graduates. all the dreams become freeze but the whole world is on a same pace so everything will be ok gradually

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