I think society is beginning to come to terms with something that is going to be painful and drag on for a while. Many people are over-employed or over educated for the jobs they are best suited for. Politicians and the education industrial complex pushed this for their own benefit. But you don't need a 4 year $ 100,000 college degree to be a clerk. Thinning out the office herd helps in the short run as it increases cash flow which will eventually be used for growth. I expect employment numbers to ease but I think that will happen as folks turn to jobs they previously would have considered "beneath" them. Also, a turn away from expensive 4 year degrees means they will earn money sooner and be productive in the economy longer.
There are a lot of degrees out there that just don’t have the monetary return on investment to make a 4 year degree worth pursuing. They are big rip-offs in my opinion.
Example:One of my in-laws spent approximately 60-70k for four years all so she could earn 30k a year. In this particular field: in order to make more money, more education must be pursued.It makes no sense.
I’ve wanted to pursue further education myself but found it just as practical to read books and watch lectures in my field to further extend my own personal knowledge.
It just costs too much..