>more of a prerequisite for a job.

Or a possible alternative is to retract some of the credentialism gatekeeping regarding jobs. This could transform education from its current predominant role as vocational training and back to the pre-Morrill Act roots of educating a populace in terms of understanding and appreciating culture.

To your point, though, this would undermine the consumer base of universities so I would expect them to push back in one way or another. But having employers scale back credentialism can occur irrespective of university policy.