Many years ago, I asked a friend who happened to be an Associate Professor of Psychology at a Canadian university: "How many of your students actually belong in a university?".  His response?: "One in five!!".

For most, university is an extended educational holiday before they hit reality... and their parents support ends upon graduation.  Most of the arts and soft science grads should go to community college to become productive, and if they can't they are redundant to society.