Education does not guarantee you a job, but education can provide you with the capital to create new jobs.
In developing countries, sometimes the government uses foreign workers to be employed, or foreign graduates, even though the results of education in their own country are also of sufficient quality like those who study outside their country.
That is correct even if you get a job - the growth in the job is not guaranteed. During Covid many good people lost their jobs.
The degree failed them - these days many people who dont have degree are earning more than the graduate and undergraduate