does education create unemployment?

The article discusses the importance and impact of higher education on the increasing number of unemployment in Great Britain. When we look at the statistics of graduates leaving British universities, and what had happened to them six months after graduation, we find that, as of December 31 in the year in which they graduated, the figures of those still seeking employment were 2.3 percent in 1966, rising in subsequent years to 3.4 percent, 3.9 percent, 4.2 percent, 5.4 percent and 7.9 percent in 1971. We must not put too much weight on these statistics. One of our problems in higher education is that we are trying to include inside the same institutions all sorts of different people for all sorts of different purposes. We are trying to include, and the order is significant, medicals, engineers, scientists, lawyers, economists, linguists, sociologists, historians and philosophers in the same institution. Intellectual skills are now in permanent over-supply in relation to the economic needs of society, and that this is why the correlation between more higher education and more economic growth has ceased to exist. Diminishing returns are being obtained because we are now overproducing these skills. Higher education, particularly in science and technology, has in the past and will continue in the future to play a leading part in killing off other people's jobs, at all levels.