I think you'll find that one of the reasons we are losing jobs is that they can be done more cheaply elsewhere: a corrolary of this is to develop a workforce able to do jobs that cannot be done as easily elsewhere, ones that require considerable expertise to execute. One of the main methods to achieve that is through education in 3rd level colleges.
There are further effects of returning to colleges for many apart from the main one I mentioned above. Firstly, having a goal (something to do!) removes the problems like depression etc associated with unemployment. Secondly, it increases the probability in the future that the person would be able to maintain employment, as the new skills in addition to previous ones would be advantageous. Thirdly, it keeps those involved in the teaching and admin in colleges in employment: a specific and small plus, but one less set of people left wondering where it all went wrong.



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