unironically yes? if a job "requires" a BA/BS, but realistically could be done by the median highschool graduate, that's four years off the person's life for no real reason.
of course, there are other benefits of higher education. but credential creep itself is a signal of waste, not progress.
Did it ever represent progress? What I was saying is that the increased baseline of education for the populace is progress, not that a degree represents progress itself