He is talking about College/University education, and companies sometimes requiring advanced degrees for basic jobs. High school is and will always be needed.

He is talking about College/University education, and companies sometimes requiring advanced degrees for basic jobs. High school is and will always be needed. Also, for some careers university education is obviously necessary. Just not always. However, this probably only applies to the USA, or other places (South America as well) where students get into high debt to get degrees.