10 jobs to earn big bucks –
Professor Mavromaras says an increase in supply usually leads to prices decreasing.
But the trend has not occurred with an increase in skilled workers and their salaries.
‘‘I think it means we are having more jobs that need skills,’’ he says. ‘‘That’s what keeps the wages up. ‘‘But at the same time we are having more people with more skills, which stops the wages from increasing too fast.’’
Professor Mavromaras says one of the reasons why the number of people with qualifications has in- creased is because people with skills or qualifications are paid more and workers are turning to study to earn a higher wage.
He says social views also, to a degree, have led to more people studying as more middle and low socio-economic families encourage children to study at university to improve their social standing.
The strive for an education also is steering students towards vocational education because employers are demanding staff have all the skills to get on with the job, rather than learning only what they need to on the job.
‘‘Employers want workers with qualifications who know what (skills) they want them to know,’’ he says.
‘‘They also know that some qualification provider has worked on these people and screened these workers so they do know skills. ‘‘It’s not just so they are trained. ‘‘Qualifications are a signal to employers in the labour market.’’