I don't think the issue is with the market. The issue is that there's strong social signalling to have a college degree (or more cynically, social stigma that c

I don't think the issue is with the market. The issue is that there's strong social signalling to have a college degree (or more cynically, social stigma that comes with not having a college degree. How many times have you head "uneducated" used as a negative descriptor?). The fact that the value of this social signalling is diminishing is, in my opinion, a long term positive change. It does mean that some people who got degrees just for the sake of getting degrees are left out. But they aren't getting shafted by the market, they were put in this situation by skewed social norms around college education.