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China youth unemployment hits high as recovery falters
(www.bbc.co.uk)
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At least they won't be suffering under the burden of being both unemployed and in tuition debt. It baffles me that Western universities still demand so much money for what has become a basic employment requirement, and even worse that lots of them are more expensive to foreigners.
Because governments don't want to fund it and it is worth it in some programs.
Anglo universities, not "Western" universities. Also, mostly the US as other Anglo places have sane state programmes to fund tuition, e.g. in the UK you only have to pay instalments if you're actually earning money. Systemically such a system is much closer to the e.g. German "all you pay is some administrative fees we'll get our money back from income taxes" type of funding.
Not at all all countries do the "everyone should go to college" thing, either.