I have been distracted by this idea of the "unemployability" of a whole new generation of children around the world, even in the developed world.
If the problem of "unemployability" is limited to a small society like Malaysia, then there is a need for the education system to change. But if the problem is spread across several societies, then it would seem that there is a need for change or that there will have to a change (by policy or otherwise) in the way society will function and look like in the years to come.
I am reminded that the IT revolution of today was and still is helmed by a few hippies of the sixties who seemed to have dropped out of the system and went on their own path. Steve Jobs, Bill Gates. The focus is not on their not having completed their education, but they saw different things.
"Unemployablity" can be elaborated in several ways. The first impression is that these young people who have passed through the educational system are "useless" - being "unfit for job vacancies that are currently available." Precisely. If only these young people would come up with ideas based on things they know how to do or wish to do.
Young IT savvy people who spent their formative years interacting with an illuminated piece of glass are typically shy and ungregarious. They are totally unfit for the incessant talking and cajoling required of the modern sales people who are now called business development executives or whatnots. There is stress in present industries because of overproduction and overconsumption of hackneyed products - which define the jobs that are typically available to young people who may feel they would rather be involved in other lines of "business."
The world is today caught in probably one of the most significant structural changes where the focus of the global economic power is slowly but surely shifting to the east - and not without must protest from the west. We should therefore expect societies around the world to change and transform and take on an entirely different shape. What that shape wil be will depend on the currently "unemployable" young people - who being unemployed will have to then employ themselves by doing whatever they can do.
I think the young people do not need new things. Their parents have already cluttered the whole house. Their parents have already bought more houses than any one family however extended will need. Their parents have enough big cars to drive around empty. I think the young people will do simple things which they really want to do and live a fulfilling life. At this, the GDP that measures quantities produced will have to fall sharply. The young people could save the world from being dug out wholesale to make things which the world do not want. The young people could eat simply and healthly - and they do not need to have a glib tongue to earn money and pile up on the material stuff.
Am I right or will I be right? I do not know. It doesn't matter. What matters is the way to get out of the box that we find ourselves in, without doing violence to the box.