According to a new survey, almost 50% of Australian workers say they are overeducated. But there are more reasons to study than getting a job.
Articles on Labour market
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Almost 50% of workers in the latest HILDA survey feel overeducated – which can make people more likely to feel bored at work, underpaid or more likely to quit.
Reducing the number of people on student and graduate visas may reduce migration numbers, but it could also weaken demand for Australian goods and services.
Young workers, in particular, are affected, losing out on opportunities to advance their careers.
In Mozambique growth and employment are becoming disconnected, and so are skills and opportunity.
This pilot has made it easier for employers to hire skilled refugees from overseas, delivering benefits for local communities. But it is due to end on June 30.
Youth unemployment is rising in New Zealand as junior roles increasingly disappear from the labour market. But the picture is more complex than AI eliminating jobs.
Canada needs skilled immigrants. But the lack of Canadian experience prevents many qualified internationally-trained professionals from getting jobs in Canada.
A growing gap between education and employment is reshaping how young Canadians enter the workforce.
Amid concerns AI will wipe out entry-level jobs, you can can prepare for a changing workforce while studying.
A horror stretch starting in 2020 saw an entire decade of real wage growth reversed in just three years. It’s a long way back up yet.
It’s not a straight path from education to making a living, and universities should prepare graduates to find their way.
Australia is awash with policies, but not the kind that would fix the workforce crisis. Here’s what would work instead.
While unemployment unexpectedly rose to 4.3%, there’s some good news hidden in the data. And for homeowners, it makes a rate cut next month more likely than before.
Where children in a household are working, adults may stop looking for jobs.
Today’s youth are navigating a perfect storm of persistent inflation, global trade tensions, a saturated labour market and restructuring driven by automation and AI.
The old promise that hard work will lead to a good job and a fair wage no longer seems to apply.
A real boost to award wages is unlikely to drive up inflation, nor adversely impact productivity. But it would provide cost-of-living relief to Australia’s lowest-paid workers.
Non-compete clauses can have a chilling effect on employee mobility, which is detrimental to competition in the labour market.
Blaming newcomers — particularly international students and their spouses — for job shortages overlooks deeper structural issues in the labour market.
Top contributors
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Professor of Economics, The University of Melbourne
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Professor of Economics, University of Canberra
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Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Scientia Professor of Economics, UNSW
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Deputy Program Director, Migration and Labour Markets, Grattan Institute
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Program Director, Housing and Economic Security, Grattan Institute
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Associate Professor, Bankwest Curtin Economics Centre, Curtin University
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Professor of Sociology and Founding Director of The Future of Work Lab, Podcast at MissPerceived, The University of Melbourne
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Research Associate, School of Social Sciences, Monash University
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Research associate, Grattan Institute
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Associate Professor, Department of Political Economy, University of Sydney
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Research Fellow, Institute for Social and Economic Research, University of Essex
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Associate Professor UTS Centre for Business and Social Innovation, University of Technology Sydney
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Laurie Carmichael Distinguished Research Fellow at the Centre for Future Work, Melbourne; and Professor Emeritus, Griffith Business School, Griffith University
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Director, Bankwest Curtin Economics Centre (BCEC) and John Curtin Distinguished Professor at Curtin Business School, Curtin University