A declining graduate premium?

With the gap narrowing between minimum wage rates and professional jobs requiring a degree, university courses face scrutiny like never before.

The concept of the “graduate premium”—the additional earnings a person enjoys over a working lifetime by virtue of holding a university degree compared to non-graduates—has long played a central role in higher education policy and personal decisions about whether to enrol in higher education.

However, this premium appears to be declining in both the UK …