I will venture a guess as to why nothing is being done to stop academic inflation. The government has an interest in it because they now make direct student loans, so graduates are indebted to them. Colleges/universities can keep increasing tuition, so they make money, too. Employers' interest lies in getting their pick of highly trained graduates. I guess the only people who end up worse off are those who are left with student debt. Lucky me, I got my loans discharged.

No - not everyone. The latest statistics show that a little over one third of the adult population have degrees. More than ever before, but certainly not everyone.

And there is an increasing shortage in skilled craftspeople, pointing to the need for more people to be trained in trades.

The days of being able to make a good living with just a high school degree are gone. Not everyone needs to go to college or wants to go to college, but some kind of advanced education or training is needed to do jobs that now require more than just a strong back.

The value was in the low percentage of valid degrees. Headhunters needed intelligent, diligent, and accredited graduates to fill entry-level positions.

These degrees in this generation are a dime a dozen so companies can demand more from the multitude of applicants and pick the very best with little effort on their part.

Baby boomers were the ones who saw the benefits of higher education and as they made their families they made sure their children would have those benefits. They did not anticipate outsourcing and the gig economy.

Now we have a generation of highly educated young people with degrees that are either forced to continue their education or take lower jobs outside of the fields they were accredited for.

In the 90's there was some fear that when baby boomers retired there wouldn't be enough people with degrees to take up the slack. Boy, were they way off.

Because nothing is being done to stop any kind of inflation, because 'we the people' no longer have the slightest bit of control over what goes on in this country and everyone is in such a rush to pay the rent and watch more tv and bitch about the latest idiotic controversy that we, as a nation, are completely fucked.