Does having a degree pay off?

The government wants to redirect some of the funding it has been using for the ‘fees-free’ university scheme into trades training.

Prime Minister Christopher Luxon told Morning Report the scheme had been “quite a failure” and the government needed to make sure it was growing the economy.

At the moment, only about 6 percent of young people go into apprenticeships when they leave school, while about a third go into a degree.

But would encouraging more into the trades improve outcomes, for them or for the economy?

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