Back in Don Draper's day, a college degree was considered a passport to a better life.
Rightfully so. A degree was very much an effective filtering mechanism by employers because it was. Of course in those days a liberal arts degree was considered the toughest row to hoe instead of something that got handed out free with full tank (sixties reference, like anyone can afford a full tank these days).
The problem of trying to solve all the world's troubles by making everyone a college graduate are obvious to everyone except a progressive. When there is more of something, it is worthless.
One of the UK’s biggest graduate recruiters is to remove degree classification from the entry criteria for its hiring programmes, having found “no evidence” that success at university was correlated with achievement in professional qualifications.
Accountancy firm Ernst and Young, known as EY, will no longer require students to have a 2:1 degree and the equivalent of three B grades at A level to be considered for its graduate programmes.
Instead, the company will use numerical tests and online “strength” assessments to assess the potential of applicants.
This was completely inevitable and totally to be expected. There will be much, much more of this in the future.