Re: Statistically this is not a surprise
I think there is a lot of truth in many views expressed in the comments to the "Hold on! Degrees for all doesn't mean great jobs for all, say profs" article.
I agree with this post that guiding not just under-grads but school pupils to understand there are a finite amount of jobs and it may be best to to choose one where the probability of employment will be low is less than ideal. There happens to be a utter and total lack of career guidance in schools so how you expect and poor child to understand how to map what they are good at to a job that will satisfy them is beyond me. Some people still have that problem at the end of their career.
I agree with latter posts about the HR departments who have no clue how to choose who to employ and/or give answers to why a person was rejected that are nonsensical.
I am no lover of the last Labor gov. but the goal of a better educated workforce in and environment where knowledge is power is to be lauded. As a product of an apprenticeship and a degree myself, it is obvious that just going to university is not the answer for everyone. This is a case in point of a politician coming up with an idea and its implementation not being thought through. Is it the politicians fault, yes and no. They have others to do some of the checking things work properly hmmm I think they are civil servants? If the politician does not concentrate beyond the sound byte to ensure things are happening correctly then ... well they do not always end up with what they want.
CS degrees are good for those who are interested in them, as long as relevance to real industry practice is incorporated into those degrees. Oops that's why we had polytechnic's, wasn't it? You will find well educated smart people from any/many backgrounds understanding and being able to teach IT topics very well. Why shouldn't you all that is required to learn is an interest in something and facilities to satisfy that interest.
As ever the answer is not to fix an isolated attribute but to address many things at the same time. I am amazed someone pays people to produce papers/articles such as this one that are blindingly obvious to anyone with an ounce of smarts.
YES you have to have an educated workforce, NO there is not one path to that goal, Yes if you fail to make students aware of market forces and statistics in the job market, as well as a host of other things, or they are likely to be disappointed.
You have to work in the society in which we live the art is to find something that doesn't bore you to death everyday and if you are like me like 90% of the time.
Politicians and industry need to work to an end goal, the present problem is so much of industry has been decimated you have to a job to find industry and then have to dis-entangle their comment from their self-interest when they put their view forward. This is not limited to Electronics it covers performing arts, medicine, IT, etc. All the countless other I could name. Its up to everyone to address this issue or to stop moaning and reap the result. Society has to be balanced it takes a lot of ingredients to make the recipe.