Marcus Banks, Social policy and consumer finance researcher at RMIT, has penned an article in The Conversation asking: “Do Australians care about unis? They’re now part of our social wage, so we should”:
In May 2019, a third of the working-age population (20-64 years) held at least a bachelor degree. That’s almost five times more than in 1988. And nearly two-thirds of this group had a degree, diploma or post-school certificate.
Some 46% of women and 35% of men between the ages of 25 and 34 have a degree. Soon most women in this key working-age cohort will be university graduates, alongside a significant proportion of men.
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
