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Graduate roles 'highly important' for growing knowledge economy

Published: Monday, 21 February 2011   Category: All Graduate job news

Graduates are to be "highly important" in the shift of the United Kingdom's economy from manufacturing to a knowledge economy, according to an authority on employment.

The Work Foundation released a report called Cutting the Apron Strings?: The Clustering of Young Graduates and the Role of the Public Sector earlier this month.

In the report, Jonathan Wright suggested that graduate roles will be "vital" in this economic switch.

"The UK economy has been making a long-term shift from one based on physical production to one based on the production, use and dissemination of knowledge," he said.

"Young graduates - those aged between 20 and 29 qualified to degree level - are highly important in the knowledge economy [and] are vital for urban innovation and growth."

The report, which is a Cities 2020 research paper, also warned that public sector cuts may cause more university-leavers to move to the south-east of the country looking for graduate roles, thus causing a "brain-drain" in northern regions.

Find graduate roles at gradplus.com

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