How education affects employment

I found this article interesting because it analyzed the relationship between the current unemployment rate and the education system of the United States. The article states that the U.S. will see an increase in demand for college level jobs, but the number of college grads in the future will not match the demand (there will be shortage). Thus, the U.S. will see a slower recovery due to cyclical employment and the shipping of jobs overseas.

I see a separate problem arising: if the U.S. cannot expand its education system, more educated countries will lead the way in innovating ideas. Innovating ideas may not seem important, but where would the U.S. be without Bill Gates and Microsoft, Edison and the light bulb, and Bell and the telephone? The education system needs to be reformed; otherwise, expect to see the current recession to drag on.