A tweet today from The Council of Ontario Universities claimed that “a university education remains the best protection against unemployment” citing statistics that less than 4% of university graduates (Bachelor’s and Master’s) in Canada are unemployed compared to almost 7% of people without university degrees.
This is faulty logic. Although unemployment is correlated with educational status, a university degree is no guarantee that you won’t be unemployed. Think of it this way: the intelligence and work ethic necessary to meet the requirements of a university degree are the same characteristics that make a person more likely to succeed at any job. Having a university degree could just be a marker for “successful at work” regardless of whether that work requires a degree.
And what happens when more people have university degrees but the same number of jobs exist that require a degree? Unemployment will increase because more people will be competing for each job.
Obviously, I’m not against university education. I have three degrees. However, I believe that we do a disservice to people by acting as if everyone should aspire to a degree and that a degree guarantees full employment.
Go to university if what you want to do requires a degree but realize that a degree is not a guarantee of success.