In a lot of ways, what you just said IS what he's complaining about. There is a money to be made selling watered-down MS degrees to people who don't really care

In a lot of ways, what you just said IS what he's complaining about. There is a money to be made selling watered-down MS degrees to people who don't really care about the knowledge, and universities that succumb to this temptation end up devaluing those degrees by doing so. If someone is getting a degree just to pad their resume and fake out a potential employer, they're doing life wrong.