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Number of Australians enrolled in bachelor degrees falls by 12% in less than a decade
(www.theguardian.com)
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Hopefully it's less people sucked into doing bullshit degrees and having nothing to show for it at the end except debt. I would argue a lot of jobs don't actually need a degree and people could simply be trained on the job.
my job is a prime example. having a degree was a requirement but I don't use anything I learnt and can't even remember anything at this point. I just learnt on the job. the only benefit might be having a degree might make you quicker to train and encourage a degree of critical thinking and innovation, but its not like you need a degree for that stuff either