Yes, absolutely. The one thing I have quipped about with my kid's school is this: Everyone is scared to death of their kid not being able to get the job that they are hating.
I live in a bit of a bubble where pretty much every kid's parents are professionals. Some of these people are off to London before the kids are in school, and arrive back home after they are asleep.
People spend a lot of money on top of private school to get a tutor in order to get into the grammar schools. This is a pure loss for society: the wrong kids get in, since not everyone can afford to learn this particular test. And money is spent on reducing the kids' free time for exploration.
I live in a bit of a bubble where pretty much every kid's parents are professionals. Some of these people are off to London before the kids are in school, and arrive back home after they are asleep.
People spend a lot of money on top of private school to get a tutor in order to get into the grammar schools. This is a pure loss for society: the wrong kids get in, since not everyone can afford to learn this particular test. And money is spent on reducing the kids' free time for exploration.