Graduate employment is not an ignoble pursuit for universities

The problem with the government's model is that it is one of 'immediate' employability. The assumption being that the student should 'hit the ground running' on the employment track. However, in a world where one increasingly needs a graduate degree to move up the economic ladder, such a model is short sighted to say the least. What is required is a more longer term perspective that accounts for the fact that a large part of UG education is positioning to be able to leverage graduate education for significant gains. So what matters less is the employability of a 22 year old than the gains that individual can make at the age of 30 (for example). This is something that US schools understand quite well. What matters is not only that the graduate has opportunities and prospects but that those opportunities and prospects lead to long term career success.