Education is important and vital, but not sufficient. We need to promote education AND promote policies which support our way of life where people have fair opportunities, and fair opportunities for participation. Just like there is more to democracy than elections, there is more to economic opportunities than a degree.
From the NYT article College, Jobs and Inequality
College is still the path to higher-paying professions. But without a concerted effort to develop new industries, the weakened economy will be hard pressed to create enough better-paid positions to absorb all graduates.
And to combat inequality, the drive for more college and more jobs must coincide with efforts to preserve and improve the policies, programs and institutions that have fostered shared prosperity and broad opportunity — Social Security, Medicare, public schools, progressive taxation, unions, affirmative action, regulation of financial markets and enforcement of labor laws.