"How many Bakers does it take to slice the bread syndrome"... One Proffesion to many workers.
http://www.news.com.au/finance/work/careers/graduates-slam-meaningless-degrees-dismal-career-prospects-and-crippling-debt/news-story/8d794fc5d6711402f931651fe2d79ac0
- article and screenshot image via www.news.com.au
In this current Global Financial and Economic prospectus where interest rates and productivity is near "Zero"... with a yield starved Population that's ever more dependant on the Debt based Economy...The only one outcome that will come from the above-mentioned article, the next Global Financial NUCLEAR MELTDOWN, is merely a step away.
For a leading provider of the Education Sector in Australia (where almost 35% of the nation's income is from Education Export) to come out to detailing the cause and effect of how oversupplying the market with created opportunities for the sake of generating income is becoming increasingly detrimental, to the effects of creating more unpalatable Debt amongst the younger generation and those who have invested into the Future Prospectus of a better paid career path.
Failure to provide free education is already a sin, but to offer False Hope onto the inexperienced is purely SACRALIGIOUS.
< "The Dumbing down Effect" is at play, the only synchronization and goal as the end game... leading the "Sheeplelized Sheeples in the state of Sheeplelization to the slaughter">
Signs of financial capitulization of a nation.
•Theres an Ever increasing rate of student debt in the westernized society.
• EVER increasing number of retail and manufacturing sector shutting down operations.
• (mass) migration from state or country seeking for employment opportunities.
Australia's Education industry is going to face a massive blow. As most Universities are not Government Funded. States and local economy will see a huge set back from the Heavy dependancy of foreign students to generate income ranging from accommodations, utilities, and consumer retail.
Planning on pursuing further studies anytime soon?
Factor this into your consideration:
An AUD$50k loan that has a minimum cash interest rate set at 3.25%PA (depending on the country you are in) has a compounding effect attached. Remember that the loan you've taken up does not include nor cover your daily living expenses. Which could cost upto $AUD200minimum/week.(and that's if you are lucky enough to find a $80/week room rental) that's another $10400/year cost, that you need to plan to secure...not even mentioned the cost of mobile phones upkeep and basic necessities and transportation cost. Good luck.
preacherofstorms