As someone who went to University I don’t find this surprisingly at all. I think about 50% or so of all my friends and classmates are not even in the same profession.
Most degrees are useless and you won’t have a career out of it. You won’t get a job when you graduate from Arts or Sciences, maybe unless you want to teach.
All the other degrees like law, engineering, etc are very competitive to get actually hired. There are more spots for students then there are jobs.
Currently 1 job vacancy is up for grabs by 10 thousand job seekers, the competition is getting tougher every day. For this reason, graduates must be able to think even harder, if they don't get a job, they must be able to start their own business even though it requires a strong mentality and capital..
And if to this we add that now thanks to the Internet you are not only competing against people that are near you but against people all around the world then the competition has become even fiercer than what it was in the past, so there is no doubt that the working conditions have gone down significantly during the last decades and if to this we add that in the US there is a huge crisis coming due to student loans then things could get even more complicated.