> The reality for most graduates is even grimmer:
> • £25,000 starting salaries at traditional engineering firms
> • Exodus to consulting or finance just because it's compensated better
This is _exactly_ my career so far.
The key thing about the British economy is that while most things operate in a free market, construction is centrally planned by councillors who are incentivised to block most development. So the whole economy is struggling, but industries that need physical space are especially hard hit. Your local council can't block you from writing more code, but can stop you from building lab space near where people want to live and work.
My first job out of uni was in a wonderful small engineering firm in Cambridge. Lab space there is eye-wateringly expensive because it's illegal to build enough, so we were based in a makeshift lab in an attic next to the sewage works. I loved working there, but it shows that we're restricting our small businesses unnecessarily through our planning system.
The solution is frustratingly simple, but politically suicidal for any government that tried to implement it: just legalise development subject to basic design codes. I hope we see some planning reform before it's too late for our struggling innovation industries.