There is need to review our educational system. Our educational system must be set up so that students will have a skill before they graduate. Combining education with skill development is necessary, particularly for non-professional courses, so that a student can begin earning money both during and after school after graduation. This will reduce the number of graduates who actively look for work.
What I understand the point that you are trying to prove. What you mean is that the population of the graduates is more higher than the work/job that is available, that is why people find it difficult to secure a better job, well you are actually right from your perspective, but as for me I don't think that is the case, government is not just ready to shine their eyes, they know that the citizens such as youths, poors and graduate are facing a tough situation in the economy.
so it is the responsibility of government to create more job opportunities as they know that the number of literate individuals is increasing day by day, because I'm very much sure that the government is aware of that, as evidence by the conduct of regular population censuses.if the government are not aware of the trend, then what is the essence of conducting these population census.
I agree with the part that you said our educational system needs to be review honestly, because a lot of people are losing interest in education, making them to think that education doesn't worth it, because of the disappointment that a lot of literate individuals faces after graduating from colleges or universities.