I think part of the problem is that most industrialized nations have pushed for high percentage of the population to have a college/university degree, while not considering whether the degrees are needed for the jobs that are going to be available. This means that there is a discrepancy between the supply and demand of workers and jobs and their education levels. People go to college to study something for which there is absolutely no demand, and end up unemployed, having used years of their life for something that didn't do them much good, and wasted a load of their own or tax payers' money.
In the US, the unemployment rate for people with at least a bachelor's degree is only a little above 4%. This includes journalism, history, and interpretive dance majors.
Would unemployment be lower if these people got healthcare and engineering degrees instead? Of course. But I really don't think people with less practical degrees are nearly as big of a problem as people with no education at all are/
