MB has frequently derided the uncapping of Australian university places, which has delivered a form of ‘quantitative easing’ to the university sector, whereby universities have recruited as many students as possible in order to accumulate HELP/HECS funding. In this process, the entry bar into university has been lowered so far that actual tertiary entrance scores have plummeted, the number of graduates has skyrocketed, and the value of a degree has been eroded.
Data supporting this view has come from the Department of Employment, which has revealed that the economy has been massively oversupplied with university graduates:
