I think this is correct although it points to the crux of the problem, at least in the US I think. My impression is a pervasive disconnect (again, at least in

I think this is correct although it points to the crux of the problem, at least in the US I think. My impression is a pervasive disconnect (again, at least in the US) has started to develop between those types of mandatory credentials and the actual skills required for the jobs, or even for training for the jobs. So say, the credential starts to be equated with the skill in hiring or for training admission, when it only bears some weak relationship in reality. There's lots of causes of this I think, but the net result is a spurious decrease in competition, increased prices, and greater income inequality and underemployment. I think the article is a little odd but is pointing to these kinds of issues.