It's more than "you need a degree" now. Some jobs require a undergraduate "business" degree, as if that means anything. This by definition excludes people who get harder degrees.

So you will see entry level financial roles going to people who have taken a few "leadership" (handshaking) courses and basic accounting. While someone with an English or Sociology degree (who might actually know how to write an email) is rejected.

Don't get me started on internships. Getting coffee every day, handing out mail, and doing a 2 week office furniture inventory are not indicators of a promising future.

The main problem is, businesses literally don't know how to hire. If you know what skills you need, you can find someone in a day. You can literally set up a folding table at the metro entrance and find 5 good interview candidates.