I'm not sure I understand your point. Qualifications aren't relative, they're based on your abilities to do a specific job. Just because there are more people with Bachelor's Degrees doens't mean it gets any harder to write up a website in PHP.
That might be a valid point if there were infinite jobs. But there aren't. The job market is finite. Therefore people with more letters after their name, or an arrangement of letters that is deemed to be better, have a better chance of getting a job. If everyone has BA or BSc after their name then companies will start to hire MAs or MScs over people with bachelors degrees. Even if the Masters has little or nothing to do with the occupation in question.
Once upon a time having your high school graduation diploma was enough to get you a comfortable desk job. Now, you need some sort of post-secondary education to get something equivalent. If more and more people start to get degrees it will be that much harder for people to get those same jobs.
Qualifications are relative and they do not have a lot to do with ability to perform a given task. It would be nice if that weren't the case, but it is.
Edited by - Codename on 2/26/2005 1:15:25 PM