HI:I teach in an Ontario college and we have 600 people trying to get into 130 spots.
Yesterday I met (by accident)a grad from 2011 who recognized me when I went to get a Tim's coffee.He has his own business in the area I teach and thanked me for being me while he was a student.
This is what colleges do (for the most part):turn out wage earners.

The administration numbers go up and the full time teachers(they call us professors) go down.When I started teaching college everyone was full time(full commitment). Now its 67% part time and 33% full time(http://www.academica.ca/blog/part-time-faculty-what-we-know-and-what-we-dont) and those numbers are correct for my department.The number of class room/lab student hours have gone down from 30 when I started to 22 now and that is with the technology I teach going up in complexity. 

You can't believe how happy I was to bump into that graduate( now businessman) yesterday.
I unfortunately see a downward spiral.