After giving much thought to the particular topic on education, I realised that my "answer" was actually the answer to all my questions.

Education = Foundation Building
Simply to sum it up,
Foundation Building = Skills

These skills attained will be then used for work, because they are built upon on our foundation.

The education now is not solely on academics anymore. It stresses on character building and development as an individual as well.

To do well in work, of course we have to have a strong foundation.
And it's back to square once again, we got to study hard for our own's sake.
Ha ha ha....