That's only because everyone and their dog now get a useless degree... People should be discouraged from education that's above their ability, no one needs so m

That's only because everyone and their dog now get a useless degree... People should be discouraged from education that's above their ability, no one needs so many graduates. 25-55 employment vs population is now highest on record barring a few years in ~1997-2000 during the dotcom boom and even that by only a tiny bit. Also, remember that employment is now suppressed by many people going FIRE, which was a rare exception 25 years ago. Many of my friends left the world of work for good years ago, all their late 30s or early 40s.