Doug Wilson aptly writes,
Almost thirty percent of American 25-year-olds and higher currently have a B.A. If true educational reform in higher ed takes root, over the course of a generation, we should be able to cut that number in half. If we don't cut that number in half, we will continue to "cut in half" our educational expectations. For example, if we said that our goal was to send every eighteen-year-old to basketball camp, and in the grip of a bizarre ideological frenzy, we insisted that we were going to reach the achievable goal of "every American learning how to dunk the ball," then there are only two possible outcomes. The first will be that reality will eventually set in, and we give up that fantasy, admitting that it was a fantasy. The second is what we are currently doing, especially in the humanities, and that is the achievable goal of lowering the net.
Read his essay on correcting the devaluing of education in "How Not to Lower the Net."