The proportion of university and college graduates in Hungary’s 25-64-year-old population was relatively low – 17 percent – in 2006 as compared to the 26 percent average of the OECD countries, a recent OECD survey revealed.
The list is topped by the United States and Norway where the ratios exceed 30 percent, while Hungary is in the midfield alongside Poland, France, Germany and Greece.
The data suggest that it is worth studying for a university or college degree in Hungary as white-collar unemployment, at 3-4 percent, matches the OECD average, while the unemployment rate for people with just primary or no qualifications is well above the OECD figure.
Hungarian college graduates earn nearly 120 percent more than non-graduates. With this figure, Hungary tops the list of OECD countries, where the average gap between the earning power of college graduates compared to people with just a secondary education is a mere 30 percent.
These stats should be taken with a pinch of salt. Neither my carpenter, plumber or builder are college graduates, but their lifestyle – especially their cars – suggests that they are earning considerably more than than most white collar workers. How much income do you think they are declaring?
P.S. I think the electrician is straight.
Interestingly, if you get a degree, then APEH will not accept a minimum salary of less than double the minimum wage; get a masters, and it’s triple. This could explain why the graduates earn 120% more.
Rolrox, for me those “laws” (or whatever) that determines how much APEH accepts, is nothing else but bloody socialism.
Remember it was Orban and his Fidesz that introduced the minimum wage, which have created this practice. Disgusting.
Adrian D: “P.S. I think the electrician is straight.”
Shocking…
that what happens when you have enroolement based on diversity and jews enrolling and not pupils enrollment based upon qulification
g, you did not make it, right? We all wonder why… not.
g,you hit it right on the head. It’s the jews fault the Hungarians are so far behind rather than the fact that your inbred peasant mentality has you stuck blaming everyone else for your position in life. Self-immolation was a pretty effective way that monks used as a form of protest, why not give that a shot to get your point across?
@Viking. There’s a difference between introducing a minimum wage to ensure that people are at least paid a reasonable amount (which is what Fidesz did) and Gyurcsany’s admin saying that if you have a certain level degree, then you must earn at least 2 or 3 times this; and therefore pay that level in tax. An interesting consequence of this is that if you did achieve a higher degree and are entrepreneurial, then you have to pay tax EVEN WHEN YOUR COMPANY is in the start up phase and you have no income (my situation btw, which I find ludicrous = instead of being able to bring on staff to help me complete the first product that I can sell, I’m using part of my (taxed) savings / capital to fund others that are either unemployment, retiree, or part of the perpetual bureaucracy).
@g. Explain how the few 1000s jews left in this country perpetrated somehow skew the whole system (that is if you can string a few coherent thoughts together).