University is not for everyone and that is okay; but, a society that demands everyone be university educated, in a sense, diminishes the value of such an education. Theoretical Physicists need advanced education; technical experts not necessarily. It is an uncomfortable topic when so much money and prestige is at stake--though, of course, if everyone has a degree, the prestige is not really there. Further, if the value of the degree is diminished, the corollary would be the value of the marks could also be diminished. Is an 'A' grade really an 'A' grade if everyone in the class gets an 'A'? It could indicate the marks are easily achieved and the material hardly difficult; it could mean there is no average person in the class; it could mean the marks are no longer worth what they once were. It is difficult to admit to any of these possibilities:
http://www.nytimes.com/2010/12/26/education/26grades.html?_r=1&hpw
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