It is clear that education, is one of the areas which needs a big innovation push in most countries, and with the way tech is evolving, with MOOCs accessible all over the world, the value/cost has no sense in more and more programs, especially the so-called "masters".
I have been a part-time teacher for many years and there is one program quite popular in Germany called dual education, where companies hire employees who work during the morning and go to school in the afternoon. I have no data to be able to determine if this type of education is successful for both, employees and employers but it seems a much better way to approach the training and education for someone who has a clear desire to join a specific industry/company.
A lot of large companies have internal training departments and reskilling with external private education companies etc, often getting subsidies to do so. Instead, I think it would be better to get people into the workplace faster, and then leverage continuous and ongoing training for the length of a career.