> There IS GOING TO BE a barrier of entry SOMEWHERE. This is correct. When everyone has a degree, then no one does. There is a limit to how many productive p

> There IS GOING TO BE a barrier of entry SOMEWHERE. This is correct. When everyone has a degree, then no one does. There is a limit to how many productive professional jobs can exist. All the necessities for society and life can be produced and distributed by really about 10% of the workforce, working with economies of scale. Everything else is nonessential service jobs or entertainment. Around the 1960s, the 10% that had college degrees happened to match that 10% of skilled jobs. We fooled ourselves into thinking that was causation. It's not. Awarding four times as many college degrees does not mean four times as many productive jobs will somehow exist or the consumptive power to sustain them. Companies don't want to hire a degree, they want to hire from the most able 10% of their applicant field. A degree used to be a proxy with significant signal towards that, but now has little.