Labor’s University targets are false economy

The Albanese government released the Australian Universities Accord Final Report in February, which established the following higher education attainment targets:

• By 2050, Australia’s tertiary education attainment rate is targeted to increase to at least 80% of the workforce, up from 60% currently.
• The proportion of Australians aged 25 to 34 with a tertiary education is targeted to increase from 45% to 55% by 2050.
• By 2050, the proportion of people aged 25 to 34 with a tertiary-level vocational or technical qualification will rise to 40%.

According to the research, by 2050, 6.3 million more occupations will require a higher education. To attain its targets, a large number of students from lower socioeconomic backgrounds will need to graduate.