The BBC have found that an average £40k loan for university education will in fact turn into a £80K repayment over the 25 years! The most interesting aspect of this figure is that university education and the award of a ‘good’ degree is estimated to give you only an extra £100,000 of income over a life time. This is now only a modest £20k extra income – about £1,000 per annum more than if you did not bother to do all that hard work and study.
The question I want answered is ‘how come a third world country like Scotland (in GDP size!) can offer FREE university education (and prescriptions, but that’s another blog!) and we in England are charging our children this huge fee?
They will tell you that we can’t afford the cost? – If that was true, nor could Scotland as they have a smaller income per head than us! So what other ‘unspoken’ factors that is in operation here?
Our ‘capitalist’ system works on the fact that ‘cheap labour’ is required to create ‘profit’ in Manufacturing or Services. Anyone with children will understand that ALL of the next generation want to earn ‘loads of money’ as our culture has glorified money makers and entrepreneurs up to the financial disaster 3 years ago. So the option of them doing ‘cheap labour’ jobs for the love of our capitalist system is wishful thinking on behalf of the government.
In recent years this cheap labour has come in the form of Eastern European’s coming over to cover these basic jobs while our children dream of fame and fortune studying media or drama. But the cost of this high immigration has had a knock on political effect with the current ‘Tory’ administration pledging to bring numbers coming here down – at a cost to basic services and agriculture. This at a time when university leavers are becoming unemployed at record numbers as these ‘culture’ jobs are not being created in a service industry based economy.
The solution is to change the aspirations of ‘some’ of our children who will need to grow up wanting to work in McDonalds, clean hotel rooms and sweep the streets. This is done by charging for education as it is well known that ‘poor’ families will not encourage their children to build up debt that cannot be paid off quickly.
So job done! this policy will return our society to the ‘past’ two tier society with the rich staying rich as they have access to cheap labour and the poor staying ‘poor’ with their children (of any ability) left with the fact that ‘at best’ they will be cleaning the shit from the toilets of their oligarch masters just like ‘the good old days’!
No. 6
No comments:
Post a Comment