The lack of graduate jobs in the UK and the subsequent un- and underemployment of university leavers have been decried for years. New research now reports that over-qualification has reached saturation point, with woeful impacts on the UK economy.

In recent years there have been many posts, articles, and reports on how AI and automation will shape the future of work. Depending on the author’s perspective or agenda, these pieces go one of two ways: either the new technology will destroy jobs and have devastating effects on the labor market, or it will create a better, brighter future for everyone by destroying only the boring jobs and generating better, much more interesting ones.

Knowledge, skills and experience are three crucial components that make up an individual’s competence in any field. Unfortunately, these terms are used interchangeably these days, but they have very different meanings.