Tuesday, August 08, 2017

Follow the German system

Many young people opt to get a degree because the pay of a graduate is much higher than a non-graduate. We now have a situation that there are too many graduates and not enough good paying jobs. Many graduates are unemployed or have accepted part time or low paying jobs. The supply and demand has gone out of balance.

Germany has a better way to deal with this challenge. They encourage young people to become apprentices and get the skills and work experience of their vocations. The apprentices earn an allowance through their work and spend half the time attending schools specific to their vocations.
After completing a 4 years apprentice, they earn a salary that is slighly lower than a graduate. The difference is about 10 percent.

Germany has a strong economy because its workers have skills and experience and are able to command high pay.

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