Perhaps a different thread required to reply to Ian, but I cannot accept him dismissing the FACT that the labour market is more difficult now than in the 1970's, 1980's etc...
You see, some of my schoolfriends went on to University, and as you say, did VERY well in high levels of the MOD, or banking sectors.
But the rest of my friends, (including me) left school with reasonable A level passes I suppose, but in subjects that were entirely unrelated to anything we subsequently went in to.
In actual fact, the A-level certificates that I was so proud of, have never been seen or requested at any interview I ever had!
What I noticed was, that by age 20, everyone I knew had a decent disposable income, we all had cars, holidays and many of us were easily affording our own houses. It seemed very normal.
At 20, I was a supervisor in a retail company, (not a manager til a couple of years later), yet I still had a tidy salary, non-contrib pension, and loads of other benefits.
All I am saying is, that I am sure that there are are very good careers still to be had, BUT they ARE only for a lucky few Uni Graduates. In the past, such jobs were much more prevalent, the labour market has most certainly changed.
It has changed in another way too. Most jobs now are part time and very menial. Lots of checks and systems in place to rein-in any free thought. (Nick Leeson probably caused that).
Looking back, it is remarkable how much free-license and responsibility I was allowed to have at such a young age.
The 1980's is the era I am talking about.....a real Golden Era, I accept that things were MUCH harder for my parents.