20-fold increase in standardized testing coming with Gates Foundation's "Common Core":

[mythology]

108. Given the wide difference in employment between high school and college graduates,

there is a far better chance that a college graduate will have/get a job than a non-college graduate. Yes unemployment is high, the rate is double for those without a bachelor's degree.

http://www.bls.gov/news.release/empsit.t04.htm

Yes education isn't correlated with the highest levels of income, but it's also not chopped liver.

Also education has been correlated to a rising standard of living for most of human history. For a very basic example of this, look at how literacy rates correlate to GDP.

Capitalism doesn't inherently create ever larger income gaps. Unrestrained capitalism, which must be aided by government policy does. The Scandinavian countries have capitalism, but don't have nearly the same level of income inequality as we do. Additionally, feudalism was quite effective at creating an oligarchy, which further leads away from the idea it's just capitalism that causes economic disparity.