University Degree no longer guarantees a good job because there is a huge competition, less good jobs and more physical jobs, which people don't want to do. We don't need too many lawyers, we need many people in warehouses, delivery, on trucks but people don't want to do these jobs and everyone wants to comfortably sit in a cool office and since modern standards gave every family to attend University, the competition is high and only the best people manage to land a good job.
There are still people who want to work in warehouses, delivery, driving trucks etc, as long as they offer higher salary, people will want. It's not about they want to sit comfortable in cool office, but working in such jobs have no career path.
Do people want to deliver packages in their whole life? nope.
If you work in a company, you will start as a junior, staff, senior staff, supervisor, manager etc depends if you want or not.