Discuss the important contributions that the education systems make to the state

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This essay stresses that more and more people now stay on for further and higher education, but are we raising false expectations? Employers who in the fifties would have been satisfied with quite low paper qualifications, now have very high standards., and so we find young people with a first degree unable to get employment in the field they want or, in some cases, any employment at all. One third of all graduates are said to never obtain employment at a true graduate level. So is all that time and study being wasted? It is well known that success in life is not necessarily linked to success in school. Albert Einstein failed early exams and believed that his wife had the better intellect of the two. Winston Churchill, great leader and winner of the Nobel prize for literature, had a mediocre school life. Shakespeare, another great Englishman attended his local school in Stratford, but as far as we know had no further or higher education. He probably started school at the age of 7 or 8 and left at about 15. So we see that society has benefited from great intellects, but these were not necessarily the result of great teaching.
This paper makes a conclusion that education makes to the state. First of all you would have to agree on what constitutes education. Would you include only that which takes place in formal situations? What would you measure and what against? Literacy rates against gross natural product? Would you compare a countries rating according to the United Nations against a country’s education budget?