Seems i'm a bit late to this thread, but here is my two cents on it.
Disclaimer: My experience is my experience, Please Don't use this for generalization purposes
I went back to my high school recently and was catching up with a Year 12 co-ordinator, who I have a good rapport with. We discussed a little about how university was going, but mainly discussed about Year 12 and post-Year 12.
One of the things I raised was the negative connotation of the VCAL program ran by my school. Sidenote: Is in my opinion one of the most successful programs, my school has ran in re-engaging indivudals who aren't academically versed, but showing them that Year 12 => University isn't the only way to have a fulfilled life . He said that one of the regrets the individual who run VCAL was the poor rap it got from Year 12 students and how this impacted students in previous years, who need it most to enter VCAL and not either bomb Year 12 or leave after Year 10. I feel this isn't entirely the school's fault, but also society's antique view as well.
It is true that university degrees aren't the meal tickets for jobs nowadays and I think it should stay that way. I firmly believe university is about broadening one's education and not careers , that's what TAFE is for but got butchered by the government and aided by the misguided perceptions of the public . This shows as you don't see Melbourne University, Monash University topping job outcomes for graduates. It is mostly RMIT university, why?
Because RMIT has a strong practical component, but not a research one , Monash and Melbourne have extremely strong research backing, but less practical application within their degrees.
Another reason university is the norm is because parents aren't a tuned to the times. They don't understand the TAFE system, all they see is funding cuts, poor mismanagement and individuals getting ripped off . They don't see the benefits of an apprenticeship and instead see all the overglorification of famous people having university degrees. I think Mick Rowe covers this well, when he reflected on his show Dirty Jobs. People have a negative skew towards laborers and blue-collar workers and an over-positive outlook towards white-collars jobs and people with degrees.
So in essence most of the blame lies with the government and society for this stupid and dangerous trend of going to university. But I also feel part of the issue is the students themselves, I also talked to numerous current Year 12 and the majority of them had only visited universities during open days and hadn't visited any TAFEs at all. Why? Because they didn't think TAFE was worth it or that they have a better chance of a job in TAFE or that TAFE is useless. I then asked where they got this information from, they said previous year 12s and then I asked "Did you research the TAFE and what they offer?" and the response was not even surprising, it was no .
So you must wondering well Zofromuxo, you have just said the issues how do we fix it? .
It isn't an easy fix and it won't have any impact until the next generation maybe even later. This is because this attitude to going to university and hope you can get a job is so deeply engrained that it won't be easy to sway.
It starts with the career co-ordinators not being pieces of shit and allowing people to go to TAFE as opposed to telling them to do this university degree instead, which they don't like , it starts with the government fixing the TAFE system and instead of killing it , it starts with the parents and prospective students to research TAFE and understand the pros and cons of each, But also understand that university is an investment that may not yield a sizeable return of investment , .
But I think the biggest impact on the decision of going to university or not is the monetary cost. Are you certain that spending 4 years for a grand cost of $250,000+ is worth it for your career. Are you sure Law is what you want, despite the poor job market?
These are the things that need to be said and need to be accepted. The landscape for universities have changed, job markets for industries like law, psychology, teaching, etc are extremely competitive, that your gender studies, sociology degree isn't going to net you a job as easily as you think. The later we put this conversation off, the worse off each subsequent generation is going to become off this norm.
Sorry for the rant and long read, but I'm too saddened by seeing prospective friends and students screwing their 19-20s going to university and doing nothing instead of seeking alternative options because it isnt' sexy, cool or popular to do it .