HIGHER EDUCATION BUBBLE UPDATE: Will A.I. Make College Obsolete?
Americans already distrust institutions, including academia. More and more people may decide that its stamp of approval isn’t worth the cost. When the New Yorker of all establishment organs says this, it’s a sign: “If we agree that college primarily serves a credentialling process that stamps select young people as worthy of work, and, if we agree that A.I. helps to expose it as such, might we not conclude that, at some point, people will collectively stop paying into the system, or will start seeking out other, less expensive credentials?”

Emphasis added by me, but basically there in the original.