University - Why Bovver?

In the last decade, according to research from The University of Warwick, the earning pwer of graduates has reduced by 22%.
This was inevitable when you deliberately 'skew the market relationship' between young people and employers.
TOO MANY are going to university. They are no longer an elite group. Society has the silly situation wherein probably most graduates are overqualified for the level of work they are doing.
This situation is made no easier by the huge amounts of Mickey Mouse degrees out there and the impossible-to-avoid 'dumbing down' when respected courses have to be diluted with students considerably less able than those who went to university a quarter of a century ago because of the new philosophy of 'bums on seats ahead of academic rigour'.