As university graduates boomed, wages busted
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The Australian Treasury’s latest Round Up examines why the real wages of university graduates fell following the introduction of the former Gillard Government’s demand-driven reforms, which uncapped university places and led to a massive increase in students:
Gillard’s demand-driven university reforms expanded student numbers.
According to the Treasury, the rapid increase in graduate supply was the key contributor to the decline in real wages over the 2010s:
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About the author
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.
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