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Well that’s definitely unfortunate. People are already tightening their belts, this can’t be good for the economy.
eh, the people that are affected who are talented and capable wont be affected (aka STEM graduates) - it’s the people who decided to pursue “useless” degrees like liberal arts, journalism, education, etc and cant find a job in their field (because they dont exist in numbers like STEM jobs do) who are adversely affected.
those degrees are popular because they’re easy to get - but these days you need to have a useful degree and be good at it in order to be competitive. otherwise you work at a Starbucks and whine about student loan repayment options.