I think it has something to do with the "theatre paradox": when someone stands up from her seat, then finally everybody needs to stand up in order to see the sh

I think it has something to do with the "theatre paradox": when someone stands up from her seat, then finally everybody needs to stand up in order to see the show. If we start having a surplus of people with degree, then everybody starts to look for "harder" degrees, better universities or just higher degrees (phd). And you need to have one in order to be successful. Side effects? Look at Google for instance: "They can hire the very best people — so everyone is overqualified." [1] [1] https://www.quora.com/Working-at-Google-1/What-is-the-worst-part-about-working-at-Google?share=1 https://www.quora.com/Working-at-Google-1/What-is-the-worst-...