Do you know that less than half of the Hong Kong students prefer
studying in university?
47.2% to be exact. The figure is way higher in other places though,
with 80.9% in South Korea and 70.2% in Singapore. It’s not really healthy for a
modern society like Hong Kong, is it?
How about we consider this: only 18% of the students in Hong Kong
gain admission to publicly funded university, while South Korea has more than
80%.
What about the remaining 82% students? Well, what else? They pay the
school fee themselves.
Some researchers suggested that the fierce competition and the
school fee scared the students away and worried that since the students are not expecting university education, they may not put much
effort in their study.
Aside from the financial burden, Hong Kong students also have to
worry about the “usefulness” of a university degree.
A recent study shows that the median income of Hong Kong fresh
university graduates has dropped by nearly 20% in the last 20 years. That seems
to be the result of the huge increase in university places over the years. The
abundant supply of university graduates means employers have way more choices
and can offer a much lower salary level. Not to mention the increase of
university places without careful planning leads
to the mismatch between the degrees available and job vacancies.
So in other words, the value of university degree is depreciating.
And the government officials plan to make
Hong Kong’s economy a knowledge based one…
Good luck, because they will need it, lots of it.
I
mean, who would want “knowledge” if it’s not affordable
or practical?
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