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the worth of a degree is highly correlated to the field of study and the institution of study.
a lot of people get bogus degrees from bogus fields of study and are shocked they can't get productive high-paying employment...
The job market is in the shitter and you are blaming the people trying to find jobs and assuming they can't because they got a "bogus degree"... That's a very boomer response of you.
job market for what exactly? what jobs are they trying to find exactly?
job market is great for some professions, shit for others. yeah for entry level tech it's shit because they massive overhired during the pandemic and are still oversupplied with too many shitty coders because there is a massive oversupply now as everyone chased computer science for quick and easy money. for nursing you can make a killing if you are willing to travel nurse or get yourself into certain specialties. but nursing is hard work and a lot of people don't want to do it.
the devil is in the details. there is no generalized job market where average joe can just get a 100K job with a English/psych degree from a state college. all those jobs requires specialized degrees, experience, and connections, years of effort to get your foot in the door.
industries come and go and oftentimes you have to move with the times and the geography. my brother has been unemployed for 5 years... but it's because he's a stupid ass who refuses to move or take a job he thinks he is 'below' him. (less than 300K salary at a big corp) and every employer can see that attitude he has and his inflexible arrogance and why would they want such a person on their team? many people are their own worst enemy when it comes to employment.
having interviewed people over the years... 99% of candidates are eliminated because suck and fuck up the interview process, or are applying for a job they know nothing about. Out of 500 resumes you might get 5-15 that are actually relevant to the position and show the candidate actaully is familiar with the company and the position, of that group maybe 5 get an interview and 1-2 are actually desirable hires.