Training is one thing, but wage compression is another. Why study for many years, miss out on life if you can get warehouse job with little training and you won't be meaningfully worse off? You get smaller flat, less organic food and a car few years older than your engineer peer.
These talks about productivity always miss the elephant in the room - why people bother to show up in the first place? It's the money. If there is no money, then you can lead horse to water...
Even if you get paid well, the tax cliff at 100k-170k where it makes sense not to work and reject promotions to be eligible for childcare is outrageously stupid.
Ah yes, now we are getting to the heart of the issue.
Universities as they exist are not fit for the year 2026. THe year 1990? Yes, absolutely! The world has changed massively since then. It is less attractive to sacrifice years of earnings - which bring much greater experiences than what you get at uni + debt repayments of student loans to finance tuition fee's which have grown sharply from 3k/year to 9k/year and so on.