The choices that British 16-year-olds are making in the next few weeks about their future studies matter not just for them and their families but also for the nation's economy. Britain needs a workforce with graduate-level skills to achieve its potential as a high-value, service-based economy, as highlighted by the Economy 2030 Inquiry. This need is acute in the country's strategic growth sectors, namely financial and business services, the creative and cultural sectors, and the life sciences. These typically demand workers with higher levels of formal education and offer substantial wage premiums to university graduates.

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22 August 2024

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LSE Business Review

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https://blogs.lse.ac.uk/businessreview/2024/08/22/the-educational-choices-of-british-16-year-olds-matter-for-the-economy-1/

This Blog is published under the centre's Education programme, Growth programme, Labour programme.