[osth]

"The result of this is that we have a large over educated part of the population who will have a very hard time finding a job."

Consider the alternatives: a large under educated part of the population who will/will not have a very hard time finding a job.

An educated population makes for a better society, irrespective of what "the economy" may or may not have to offer[1]. Economies can change on relatively short timeframes, while the character of societies[2] change much more slowly, if at all[3].

1. Author's opinion.

2. Substitute "character of society" with "culture" if you wish.

3. Another author opinion.

"Over educated" is interesting terminology. What exactly does that mean? Do we define education only in economic terms? Why did wealthy classes historically seek to become educated, even when "economically speaking" they already had society's best resource allocation?

[ThomPete]

That isn't the point about over educated and you are right it's not very precise of me. Let me elaborate in an hour