Wrongful allocation of resources
One of the major strategic error of our education system is the allocation of university places to less financially rewarding courses. Every year thousands of fresh undergrads were admitted to the Arts, Social Sciences, or even Engineering Facualties and only a few hundreds to the extremely lucrative Law School. And when these students graduated and go into the job market, the law graduates on the average are going to earn 10 times more than the other graduates after a few years in the profession. What the system should do is to reverse the intake. Send a few thousand students to take up law and a few hundred for the other courses. Then we will produce students that are highly marketable and in demand. The legal profession will be happy, the civil service will be happy as there will be no shortage of lawyers, the parents will be happy and the graduates will also be happy. Now, why should we continue to send so many students to pursue courses that are economically to their disadvantage? And the students and parents knew but could not get them into Law School because of an artificially created small number of places available. There is no shortage of students wanting to study law and all of them will be very qualified for the course. Or are we underpaying the graduates of the other courses?