After a regular visit to the job centre where I had to convince the person sat behind the desk that I had been looking for work on a daily basis, it got me thinking about why I was still in this predicament.

Big increases in tuition fees have reportedly deterred many would-be students from applying for a university place. This is a tragedy at both a national and personal level because it takes a short-term view of the value of higher education.

We live in a world where pragmatism dominates idealism. Does a nurse or an accountant provide more value to society? When faced with a question like this, the idealists among us would question the definition of "value". By contrast, the pragmatists would revert to the only objective benchmark available and declare that six figures are better than five.

The brightest minds are now asking not how their studies might enlighten them, or how the accumulation of knowledge might benefit humanity; but instead they are asking how it will help them find a job, or how it will aid them in paying off their swelling debts.

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