[wisty]

I've spoken to a few Chinese about this, where manual workers get more than uni grads (though not as much as successful business owners). Chinese really value education (in the high culture sense), and education (in the sense of meaningless test scores), money, and status. Until a few years ago, degrees were a ticket to riches. Now, they just mean you are overqualified for higher-paying jobs. Their feelings about it tend to be extremely complicated.

[ylem]

I think that you see this in places like Spain as well--you have a large educated, unemployed fraction of the population...