Yes, there’s definitely a problem of oversupply.
As a kid I worded as a busboy, paperboy, and a maintenance man to make ends meet, while I attended Art School on a scholarship.. As life turned out, in spite of my success in the Designing field, I hated it, and became a Food and Beverage professional..
Those early years before higher education interfered with my life, were the backbone of my ultimate successes.. My own personal experience guided my attitude in hiring my future employees.. I weight experience over education in almost every position I employ..