One other death blow to individual achievement is corporate liability.
It used to be, if you could represent in an interview that you could do the job, you got the job, until you couldn't do the job anymore. Now you need a piece of paper (often mandated by legislation) saying you can do the job so the company doesn't get sued if you do the job wrong. And of course, since you are paper qualified, it's harder to get rid of you if you actually can't do the job, because, hey, you're qualified.
So we have requirements for physical trades that a person must have an overpriced rubber stamp BA, even in a non-related field, just to apply for the job. I used to work with a guy for the State who had the required BS, in microbiology, to allow him to be a computer supervisor. A degree for the sake of a degree.