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The biggest problem with higher education is that it has increasingly become a money-making business with everyone being encouraged to rack up massive debt, and that debt usually ends up falling on the heads of the taxpayer. It's fine for taxpayers to pay for people to acquire skills, knowledge and understanding where those things are transmitted efficiently and where they are subsequently going to be used, but the vast bulk of this learning is simply not used (or has very little impact in improving people's performance in the things they end up doing). Our quality of life is then heavily suppressed by the fact we're spending so much money on education that isn't useful.The problem isn't with people spending a lot of time learning, but the cost and inefficiency of that learning, and any requirement for people to have qualifications that go far beyond the skills and knowledge that are actually necessary for a given job. Much of this has been done in order to keep people out of the unemployment statistics for longer, but it would be a lot less costly just to pay them to be unemployed and allow them to spend their time studying the same things without having to pay extortionate fees. Anyone who is capable of getting a degree should also be fully capable of doing all the learning independently without having to tie themselves to a university, and many of them should be capable of getting their degree without doing anything beyond turning up to sit exams. We are collectively getting poorer as we pour more and more money into education, and this is primarily driven by people's irrational belief that we all need jobs and that we have to create more and more of them. Half the workforce is already tied up in work which is not adding to our wellbeing in any way, but which merely squanders valuable resources for no purpose other than to keep unemployment down. Millions of parents are paying a fortune to have other people look after their children for them badly while they themselves sit in offices doing pointless work that simply doesn't need to be done. It is utter insanity. We are supposed to be liberating ourselves from toil, but we've locked ourselves into old ways of thinking which used to make sense but which are now obsolete. Education is great, but it shouldn't be allowed to cost us the Earth.
Facts have been available since printing was invented. Education isn't about learning facts, it's about learning how to use them.