Exactly.
And then more people will have to study a Masters degree.
There used to be print ads in matchbooks back in the sixties and earlier. They said something along the lines of "Change your life! Get your high school diploma in your spare time!"
I think it was Marco Rubio who said, "A welder makes more than a philosopher". He's right and a welder is far more important in the overall economy than a stupid poseur who spouts "wax on...wax off". Or an actor/actress.