Ssshhh. Nobody tell China and India. They seem real big on formal education. Well, we'll have the last laugh when we stop wasting money on college educations.
Well, we'll always need doctors and lawyers, but I do think techinical schools can take up a lot of the slack for engineering and other similar professions.
I do have a BS in Marketing, but my current job actually did not require it. Funny thing is I also make about twice the money many of my college classmates do with their jobs that required their degrees...
One doesn't get an education, one gets an indoctrination. That's the problem.