I think Masters and PhDs are basically in a totally different market than workers with bachelors', Associates', "boot camp" certificates, or no degrees at all.

I think Masters and PhDs are basically in a totally different market than workers with bachelors', Associates', "boot camp" certificates, or no degrees at all. They are being hired for "alpha hacker" positions implementing compilers, databases, graphics engines, etc. while everyone else is building apps, REST APIs, doing enterprise integrations, etc.