What I suspect is confusing the parent poster (and I agree with you that they are completely wrong) is that these days, with the
'everyone has the god given right to a university degree!' mentality, people are getting degrees in all sorts of complete crap, and
when you add alongside that the fact that universities have worked out they make money by turning over the maximum number
of students (hence it is in their advantage to make it as easy as absolutely possible to graduate) what we end up with is a huge
devaluing of the average value of a degree.
Once upon a time having a degree in many areas really meant something, and a bunch of companies WANTED you. Now it means
next to nothing since just about any monkey can get one, hence the employers dont want to pay through the nose just for the
degree, you have to have something else to actually show some value/usefulness/talent.
The AVERAGE starting salary of graduates is therefore hugely eroded, because there are many more lower value graduates now.
The good graduates are damaged by this, but not to the same extent.
The only solution is for society as a whole to get over its 'you are a failure if you dont get a degree' alongside universities operating on
turnover based economics, and we may actually one day see a return to their true purpose (training those more special minds that
need such exposure), and then perhaps technical colleges can also return to what they once did (train the middle ground of practical
workers), and apprenticeships can be seen as the right fit for yet a different set of workers.
But I wouldn't hold your breath, that would take a sensible approach - good luck with that.
So the result is that the value of a 'degree' is reduced, but thats the fault of the universities themselves.