University degree: A basic requirement
- A university degree is now considered to be the ultimate status symbol for entry into the middle classes across the world. It is a basic requirement for any professional occupation.
- Certificates are not meaningless. There is still a so-called graduate premium in economic terms because employers value the added skills.
- In social terms, a university degree provides non-market benefits that are difficult to measure, including longer life expectancy, more leisure time, social mobility, and lower propensity to commit crime.
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