I graduated 20 years ago with a really good mark from a really good uni and shitloads of extra curricular stuff. It was worth nothing then and I deeply regret doing it.
Same happened to my roommates. 1 had to get new completely degrees, second forced to get phd, and other works at local grocery. Took 6 years for my SO to find a job paying decent and its still pretty low.
A lot of people have no business getting degrees imo. I watched a lot of people be academically successful, but absolutely fail at learning anything. Which translated to being useless and unemployable. I have an MS in mechanical engineering and saw people graduating who couldn't physically understand basic loading but still got their degree.