In the UK, where from the early 1990s college / university was strongly promoted as being the only path to a successful and rewarding career it is now being acknowledged that we have too many universities, too many graduates, too many Masters and PhDs, many of these have crazy and irrelevant qualifications, my favourite of the ones I’ve seen is Lesbian Theory with fine art which is almost as good as one I made up for a short story, leisure management with origami.
Needless to say we now have a lot of graduates working as burger flippers, shelf stackers, van drivers and office cleaners. And they are being squeezed out of these jobs by illegal immigrants willing to work for less than the minimum wage.
Conversely, since vocations like nursing and policing were made graduate entry professions both the health service and the police have recruiting crises. While nursing is always best learned ‘hands on’, direct graduate entry to police services for roles such as cybercrime specialist might be appropriate, these people are perhaps not equipped with the right skills to break up a street brawl.
On the other hand I’ve known people who dropped out of school before the minimum leaving age who are now owners of very successful business.
One size fits all solutions, whether offered by clothing retailers or politicians are usually a poor fit for everybody.