The way that takes place, at least in some economies,

它最后的结果是什么至少在有些国家
is you start seeing qualification inflation.

最后会造成学位通胀
By qualification inflation I mean that, pretty soon,

学位通胀的意思是说很快你会发现
even to drive a dump truck you need to have a university degree.

即使开个破卡车也需要大学文凭了
Okay, now what are the lessons here for education more generally?

那么这里有什么结论和教育系统有关呢
This is a pretty sparse model of education

这个模型和教育关联并不十分紧密
but all of you, and more immediately me,

但是你们特别是我
are involved in the education system.

都和教育系统有些关联
So we should care about it a bit.

所以我们应该关注一下
It's probably the most famous model of education.

这差不多是最著名的教育模型了
As I say, it won somebody the Nobel Prize.

我提到过的某人因此获了诺贝尔奖的
What is it telling us about education?

关于教育问题它告诉我们了什么