I’d prefer to see 60% of the people who now needlessly go to 4 year colleges head to trade schools, apprenticeships, the military and on-the-job training. Like in Korea, Germany, Japan and so on.
The world needs ditchdiggers, too.
Actually we have a shortage of engineering graduates. China and India graduate more engineers than US. We will soon have a big shortage of medical doctors, because many older doctors do not want to deal with paper work required for Obamacare, Medicare & Medicaid.
So the problem is really not too many college graduates, rather it is too many graduating with liberal arts degrees.