The value of a university degree has increased over the past 10 years across most of the developed world, as employers’ demands for well qualified workers has grown faster than the available supply.
According to a report by the OECD, an average graduate in a developed nation in 2001 could expect to earn 44 per cent more than a worker with school-level qualifications. By 2010, the figure had risen to 59 per cent.
Angel Gurría, general secretary of the organisation, said: “Countries need an increasingly educated and skilled workforce to succeed in today’s economy.”
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