A Warning Sign from Korea
Too many college graduates and not enough jobs for them has Koreans worried about the priorities of their education system.
Does that mean that treating (some) college is the new high school is the wrong strategy? Korea does stand out as a useful warning, but the U.S. is far from reaching the over-saturation point seen in Korea. And Korea's rote system of learning is not producing the creative workforce needed in the modern economy.
Another cautionary note about looking to education as the solution comes in this WSJ commentary: Companies can't find employees to hire because (a) few employees find their wages acceptable and (b) companies have cut out the training programs needed by new employees.