In Australia that is called a myth or a furphy these days.
For example tertiary education is part of the dream creation industrial complex where it supports less unemployment because people are out of the system not working and studying and not in the stats like how they have changed the way they calculate inflation over the years to create the illusion it is lower than it truely is as a indirect tax on the citizen.
Back in the day, go back 60 years people could get reasonable jobs, not have to suck to managers like a parasite and opportunities would present because they where available without tertiary education and the need to get a ticket for everything including basic things.
These days everything costs more because of the BS and the need to fudge employment stats to create an illusion immigration is great to prop up the housing ponzi scheme. Not only that these days after selling off assets for funds and now create massive debt projects are create simply to forge illusions. For example climate change is about making things more expensive after creating abstract goals to foster inflation to prop up assets to stop banks going bankrupt and main street and the worker is supposed to spread the burden. With more doing less the burden becomes less acute until the point where many cannot see the benefits of contributing at all which is about the point of where we are now thus the need for Jobkeeper and jobseeker highlighting the failure of the ponzi schemes that are about to go off a cliff!
