What is the alternative? It is the completely la-la-land view, emerging sometime after World War II, that a student can sit at a desk listening for 16 to 20 years and thereby be prepared to call down immediately a substantial salary from a firm by virtue of the great value he or she provides.
This assumption is preposterous, but it is one around which the state-controlled system is structured. It is unviable for employers and highly misleading for students. Employers often report the silly scene of new graduates who waltz into businesses and demand a large salary with nothing but a certification from an artificial environment, sans work ethic or real-world skills.
It would be one thing if an employer could forgo housing and other benefits and just pay a really low salary to first-time employees. But that is not the case today. The state and its heavy hand have seriously restricted the right of employers to negotiate salaries. The government provides a canned model of employment