As a result, a college degree is almost meaningless. In the past, kids left school, got a job and worked their way up. If they were good workers the company was happy to train them.
Now we have college graduates who have wasted four to six years of their lives getting an education without learning work skills. They whine that there are no good jobs available. We call them Snowflakes.
In Canada, most jobs require job certification before a company will even look at your resume. A prospective worker can borrow money from the government and pay thousands of dollars for privately run certification programs at inflated prices. The companies love this. It's called "externalizing expenses."
Many students today have the equivalent of a house payment but no house. Those student loans are very hard to default on. They are the virtual shackles of modern day slavery.
Yep I'll give someone a test I make up on the spot to check their skills, how good they are at problem solving, etc before I even consider hiring them. This is what I'll do with or without a degree as the degrees are largely worthless. They are more a large sign of debt.