If I were to overhaul the education sector, it would be to have it in line with what the country needs in terms of skills.You are probably right, we have virtually unlimited overtime at my factory, a semi-skilled production operative can easily top 40k if he puts the hours in. The office block is stuffed with graduates doing admin and clerical stuff on half that and don't seem to want to move out onto the shop floor.
There will be the usual howls of protests from the not-so-closet Marxist indoctrinators in Media Studies departments, and I do believe that we do need to preserve some of the arts.
That said, how positively will youngsters respond to 'We need X many plumbers this year, and X many brickies and chippies' compared to 'Here's some debt and here's a job in a call centre'?