So Labour's plan is nearly complete, another 1% and half the population will have degrees.
Well, not really. They won't be "real" degrees. They will be bits of paper designed to match the job description inflation of the modern world: Account executive = clerk; Foyer Ambassador = receptionist; XYZ Engineer = mechanic, or at best, technician.
Degrees are now necessary for the most mundane of jobs and the con trick has worked!