The educational expansion of the late twentieth century generally was a mixed blessing regarding the labor market and economic returns …

„The educational expansion of the late twentieth century generally was a mixed blessing regarding the labor market and economic returns of affected cohorts. Tertiary education holders from younger cohorts struggle to find suitable labor market positions, and therefore find themselves competing with less educated individuals for jobs for which they are overqualified. As a result, those with a higher educational level experience a decrease in income in comparison with their counterparts from older cohorts. At the same time, increased competition for low-skill jobs is crowding out applicants with lower educational levels, thus further increasing the gap between tertiary and non-tertiary education holders.“
Dr. Eyal Bar-Haim u. a., More necessary and less sufficient. In: Higher Education (2019), 78, S. 494.