Those who are unhappy about the current education system are unhappy because they cannot get fresh graduates who are able to hit the ground running. Those who are unhappy are unhappy because they cannot get a well-paid job without having to "pay their dues to the union" by having to work for a few years with little or no pay in order just to "learn the trade" or to "get into the trade."
I think industrialists have become very greedy and they will extract as much as they can out of a situation and "go off" (to use a mild version of the phrase). There is no need for investment in human capital. Human capital is treated like a "piece of flesh" - to be used and discarded. I must say I was very disappointed when one of our supposed "wise" men who re-engineered our economy to be what it is today said, without apology, "while we did not achieve our policy objective, we have created a few billionaires." I have been discouraged with such callousness ever since I read that statement. Unashamed callousness.
My main point in this little cynical piece I am writing is that I have lost all hopes in what our current economic system can do for our unfortunate young graduates who not only have to deal with with an industrial structure that requires only low-technology, but also a dismal future clearly the way the current property market is running, it is an inflationary situation which is surely robbing the young of the future value of our currency.
I am putting the fault of our unemployment situation (now politicised as "unemployable graduates") squarely at the feet of those who are responsible for bringing our economic system to its current situation. This is probably one of the most centralised economies in the world, as almost all significant expenditures are at the dictate of the minister in charge of finance. We now do not have an economic policy, we have a policy of running the economy like a commercial enterprise who has absolutely no R&D department.
Having said that, there is really no point for the young graduates to look at the traditional sources of employment because those traditional sources have become corrupt - in the sense that it has failed to perform its required duty. There is really no point in trying to reinvent the education system so that our graduates can become "employable." (To be picky, to be "employable" does not mean they will be employed.) The unemployed graduates have no choice but to create jobs for themselves. I think a new system of funding should created for new sources of growth. (The South Korean entertainment breakthrough comes from private equity.)
I do not agree with the media to run down our young generation by dismissing them. (If I can remember, we weren't all that great in expressing ourselves when we were young either. I don't know whether we now are good at it, although we certainly do hold strong views.) I do accept that communication skills are important, but we really do not have to be snobbish about it. We should humble ourselves and try to listen and understand what the young are trying to say, even in their modern stuttering manner.
If I know, the way an indigenous culture evolves is by first going down to the grassroots and dig for ideas that are at ground zero presently in our society. I am surrounding myself with books and music and I can safely that I am old school, meaning colonial. I do not hope to be seminal in creating an aspect of Malaysian culture because I am deficient in my traditional training. I do hope that my children with their wilder exposure to the local environment as well as the world will be better ambassadors of the nascent culture that we can be proud of in Malaysia. I do not think that my children should be like me - they are already better than me, by being themselves in their newfangled technology-infested way of life.