Nah, those diplomas might as well be a target,
and the bullseye reads "outsource me" in bold, capital letters.
Only if you do a relatively whimpy job like coding computer programs, or some other routine, repetitive "chore"-type job.
We can never have enough of the heavy duty degrees, for example, physics Ph.Ds. Unemployment of physics Ph.Ds is usually below 2%, according to the American Physical Society.
If someone has the mettle to earn a Ph.D. in a hard science, then they'll be able to get a job, by Jimny!