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Agency presses for more higher education investment

Increased investment in tertiary education is needed to avoid an undersupply of qualified people towards 2025, according to a report by the federal government's Australian Workforce Productive Agency published on 19 July.

According to the economic models in the report, Australian industry’s demand for people with post-school qualifications will increase from 60 per cent to between 65 and 75 per cent by 2025. This means that there will be an undersupply of between 45,000 and 280,000 higher-level qualifications (diploma and above), the agency warns.

The report is part of a consultation process ahead of publication of a National Workforce Development Strategy.