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Yes, in the 1970s only around 14% of young people went to university, now it is closer to 50%. However, the economic benefit these professions bring is far outweighed from our 70s, 80s and 90s counterparts.

We are 20% more likely to be employed, earn ~35% more, 70% are in high skilled roles, pay £100,000 more in our lifetime. Even graduates who go into jobs not related to their degree earn more, are more likely to be promoted and their career ceilings are higher.

The jobs that morally benefit us the most, are degree only professions. Doctor, nurse, dentist, pharmacist, social worker, teacher, solicitor, architect, civil engineer, clinical scientist etc etc etc. If it wasn't for people taking a degree, the UK wouldn't function.