Thread: Students Rioting in London.
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Old 20-12-2010, 17:46   #787
Sparkle
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Re: Students Rioting in London.
Quote:
Originally Posted by martyh View Post
I disagree ,it would be quite simple to deduct money from employers who have graduates working for them .A company would have to pay a percentage of the debt whilst that graduate is with the company .if the graduate moves on then the next company picks up the debt
The reason I think it would be difficult to put into practise is because of the additional challenges that would need to be overcome.
For instance, why would a company employ a UK student with a student debt only to have to pay a percentage of the debt, when they could employ a foreign equivalent with no debt?
The other way it could work would be if the company didn't pay it, just deducted 5% of the salary and paid it towards the student debt, but then we're back to the graduate tax.
If companies were to indeed shoulder the cost, then our companies would become less competitive due to the extra expense, and our companies are already struggling to compete. Consider a large corporation that employs tens of thousands of people, rather than fork out a fortune for new recruits - they may be more likely to move operations to China. Like so many are already doing these days.
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