Yes. One paradox I see is this: The kids are being told that people with college degrees make more money, so they should go to college. But just because there are more kids with degrees, why would we expect the number of better-paying jobs to increase proportionately?
IMO the real opportunity now is for people who are willing to work with their hands. Plumber, electrician, carpenter, equipment operator, etc. We just built a house well into the boonies in a thinly populated county. The electrician billed at $100/hour including travel time to/from the job site! Give the company he works for as much as half that, and he is still taking home $100K in a LCOL area. Both the GC and the HVAC/plumbing company owners have sons who will be taking over their businesses and I'm sure neither has a college degree. And, of course, no student loan debt for these kinds of jobs.