What’s the point in trying hard if the posh boys will always earn more?
New research has found richer male students earn £8k more on average
This exam season, Cambridge and Harvard teamed up with the Institute for Fiscal Studies to bring us poor peasant students the motivation we really needed.
The groundbreaking news? Even if you get a first from Oxbridge, your richer counterparts will probably end up earning more than you anyway. After studying the data of over a quarter of a million graduates in England, the research found that male students from the richest 20 per cent of households earn on average £8,000 more a year. The richest women earned roughly £5,000 more a year than their less privileged counterparts.
Basically, if you were born and raised in an area that doesn’t have a Waitrose, you’ll end up worse off than your chums from Guildford who got the same grades as you.
According to the experts at the Office of Fair Access, wealthier students attend more prestigious universities and study subjects with better prospects, such as Economics and Medicine, due to the fact that they have more readily available information and advice.
So, what does this tell us? Nothing very shocking, really. Even now, in 2016, if you’re financially blessed, you’re going to thrive.
With student fees set to rocket and the number of students from deprived backgrounds making it into the more prestigious universities falling each year, an individual’s chance of having a promising career after education is seemingly now based on a string of internships and some good old fashion nepotism.
Hard work at university is, consequently, devalued. What’s the point in working for that first if you’re from a pretty shitty city? Your background dictates all, it seems.
Now, don’t get me wrong, not all of us go to university to rake in the dollar as graduates. However, we should, in an age of apparent equality, expect to be rewarded based on our individual merit and not on our sizeable inheritance.
The statistics prove that social mobility is not really a characteristic that we good ol’ liberal Britains can pride ourselves on anymore. If anything, the British stereotype of the old boys club of Etonians and Harrovians is stronger than ever.
There is still a financial and class caste system: people are limited and a great deal of talent is wasted. The reality is, the rich will continue to get richer whilst the poorer among us will stay exactly as they are. If you’re a female studying a humanities subject from a less than salubrious area, the chances are you’ll earn nearly £13,000 less than Freddie, the aspiring banker who you lived with in first year.
What a time to be alive. This is some Charles Dickens shit playing out in 2016, and something needs to be done.