This sounds like BS. Lost presumptive value of schooling. I can sorta believe it for basic literacy stuff below high school, but high school and beyond, it may end up being a net positive. Less crap to unlearn.
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Measuring in terms of employment intake is silly when most jobs are under-the-API low skill service jobs/gigs. I doubt there will be any serious losses at advanced skill levels except for meat-market grinder industries that take in fresh grads to backfill burnout attrition.
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Entry-level body-shop programming, MBAs, etc. There’s enough slack there since those positions are way oversubscribed. You’ll just have a second-choice cohort for a couple of years. Which doesn’t matter since the meritocratic entrance criteria are mostly a myth.
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