The fact is than even the educated kids are unemployable. We constantly try to hire graduate developers here in London but the fact is that most of those kids are simply unemployable. They have impressive degrees from the best universities, but I simply can't hire someone who can't code a simple Fibonacci algorithm at the whiteboard in the interview room. In the language of their choice. I'd even accept an only marginally working solution with a few bugs. Still, most of them just can't do it. They don't even know how to start.

Universities simply don't prepare kids for the needs of the industry. After 3-5 years of higher education, many of the graduates can't solve even the most basic programming problems. I suspect that this must be the case in other professions as well. Something has to be done about the completely defective higher education systems.