“…In 1564, the queen herself had expressed this ethos when she declared, in a speech at Cambridge, 'there will be no directer, no fitter course, either to make your fortunes, or to procure the favor Early Theatre 21.2 Underemployed Elizabethans 59 of your prince, than, as you have begun, to ply your studies diligently'. 50 In the late-Elizabethan market for graduates, however, supply appears to have exceeded demand. Many of these surplus learned ended up in poorly paid employment, but others may have been even less fortunate: the 1598 'Act for punishment of rogues, vagabonds and sturdy beggars' indicts 'all persons calling themselves scholars going about begging'.…”