It's bad enough that so many of those in the teaching profession have inadequate-to-non-existent real world exposure. If you are right, (and I suspect you are) we'll be stuck with a generation of even more virtually useless "educated" people. Over-educated undereployment will no longer be mainly limited to "Basket Weaving" and "Grievance Studies" majors.
I'm reading more and hearing more from clients that the biggest problem in hiring today isn't finding "educated" people, but people with basic "soft skills" that used to be taken for granted; knowing how to dress or behave professionally, what an actual "work day" implies, or even just "showing up". So many people lack basic deportment because so few today had jobs as kids or while in school, and have unreal expectations of what a real job implies.
http://www.smartplanet.com/blog/design-architecture/hip-offices-creative-centers-or-8216corporate-kindergartens/8699?tag=search-river 
