Averages and outdated statistics only tell some of the story… It’s not the boomer age anymore…

Pew’s survey also found that more than half of college graduates are underemployed, working in roles that neither require a degree nor utilize the knowledge they paid the universities to acquire. Even a decade after graduation, 45% remain in such positions.

More pros and cons: https://www.lifehack.org/articles/work/5-reasons-whyyour-new-bachelors-degree-is-worthless.html

Realistically the situation keeps getting much worse, not better. Not just for students but also for faculty, et al.