None of this should come as a surprise. The powers that be looked at employment statistics and decided if everyone had a college degree we'd all be upper middl

None of this should come as a surprise. The powers that be looked at employment statistics and decided if everyone had a college degree we'd all be upper middle class and the toilets would clean themselves. But that's pushing on a string - increasing the supply of "cognitive" workers without increasing the demand just means there are going to be a whole lot of unemployed college graduates.