The problem is that we decided to inflate education prices while deflating labor prices. You can't do both at the same time and get sane results, because each

The problem is that we decided to inflate education prices while deflating labor prices. You can't do both at the same time and get sane results, because each individual needs to make their labor price correspond to their (former) education price. So you wind up with Biochem PhDs working as programmers. Neither biochemistry nor programming is for stupid people, per se, but programming hires loads of people at salaries actually commensurate with the monetized value of the time-investment spent getting a doctorate, while actual biochemistry, the field of the doctorate, has emphasized cheap labor.