Yeah. Companies didn't want to train new employees any more as that costs money (both for paying the trainees and the teachers) so they shifted to requiring academic degrees. That in turn shifted the cost to students (via student loans) and governments.
People call it a red flag for scams if you are supposed to pay your employer for training or whatever as a condition of getting employed... but the degree mill system is conveniently ignored.
No lender would have been stupid enough to give 18 to 22 year olds $200k for bullshit degrees and sports facilities.
The onus would have remained on employers and government to pay for education, rather than a certification, because they would have been the ones paying.
I recently spoke to a young art school grad who talked about getting on disability over a life of the corporate grind.
Who am I to disagree ? The Pentagon has never passed an audit, the government coffers are effectively a slush fund for defense contractors.
At this point, I think a universal basic income is the only way.
Not enough jobs exist for everyone. Poverty doesn’t need to exist