Oh yes, the educational system needs to be overhauled! Starting with the cost. No one should be in crippling debt upon graduation.
And yes, some subjects do not have an exact match for a profession or any employment. Business majors go into business, but anthropology majors usually do not become anthropologists. That does not mean these subjects have nothing valuable to offer. Rather, it means that some aspects of the educational system do not match jobs in the economy - and that is a big burden to place on new graduates.