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Apprenticeship vs degree – who earns more in a lifetime

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An apprenticeship and career in the trades is just as financially lucrative across a lifetime as a university degree, according to a new report by economic think tank BERL. In a project undertaken for the Industry Training Federation (ITF), BERL modelled the costs and benefits of an apprenticeship versus a degree across a working lifetime. Using average wages at each age during the career path and factoring for average student loans, house prices and savings rates, it was found that the financial position at retirement for someone with a level…

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The aged care crisis – you can help

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A recent Access Economics report has found that the Australian aged care sector – in both residential and community settings – is in crisis, with a significant gap between the demand and supply of aged care. The Survey of Disability Ageing and Carers (SDAC) in 2004 found that 678,800 people requiring assistance either had their needs partly met, or not met at all. Since then, the situation has only gotten worse. Which is why the ageing Australian population needs an increased aged care workforce to give older Australians adequately staffed…

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Vocational Education empowering Youth For Career Growth

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Even though it has one of the largest manpower resource in the world Indiais currently facing a unique dilemma. The skilled workers comprise only 5% of the total industrial workforce as compared to 85% in other South East Asian countries. More than 90% of Indian students drop out of the education system at various points adding to the 300 million strong unemployed and ill-educated population. In a recent study, the National Skills Development Commission indicates that under the current system India will produce only 3 million skilled workers against a…

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