Never mind the employers; how about looking at universities' motivation to pump out so many degrees?
They make money from it. That's all. It's not about an educated populace or "learning to learn" or any of that high-minded horseshit. Money. End of story.
They take money from students, they take subsidies, they create markets for loans, markets for student housing.
I've seen electrical engineering go from actual engineering with the degree, to technician-level jobs requiring a degree. And I've worked with recent graduates. Wow. It's