Comment by rwyinuse

Yep, it's a job market problem. Only degrees that are somehow limited in their supply will continue to hold value, the rest approach worthlessness. Neither the state nor universities have any interest to limit the supply.

In my country doctors earn huge salaries and have 100% job security, because their powerful interest groups have successfully lobbied to limit the number of grads below job market's demand. Other degrees don't come even close.