Didn't watch the video, but there are degrees that provide a good ROI for the money. Engineering, Medical, Law, etc. The problem is, these are the difficult degrees nobody wants to do. So we end up with the current situation: industries desperate for engineers while thousands of college grads sit unemployed because they decided to major in Photography or English Literature. They majored in those degrees because (A) they were easy, and (B) they were sent to college by their parents, many of whom are still under the impression that it was like how things used to be and simply having a Bachelor's degree in anything could get you just about any job. And it only used to be like that because most people at that time didn't go to college and having a degree meant you were generally well-educated in a variety of subjects and were better and quicker and learning whatever job you got.
Now, the only way college makes sense is if you treat it like a trade school.
That said, I read somewhere that there are about 3 million job openings in the States for the 12 million people looking for work (not counting the people who stopped looking). And I think our profession is partially at fault for this. I mean, think about how many jobs our programming eliminated over the years, enabling industry to make more with less...everything; people, materials, etc. It's pretty staggering to think about and makes me feel a bit guilty. Obviously not every program we write eliminates jobs. I think what we do is important because it also enables people to do things they'd never have been able to do before. But then again, before the PLC was invented, armies of electricians had to re-wire electrical panels every time a big design change at GM happened. That job is no longer necessary now, and over the years more and more jobs have ceased being necessary yet we still have the same number of people willing to work. It makes me wonder what the future will look like when just about everything is automated and there will literally be almost nothing for anybody to do. It seems like we might have to eventually abandon the idea of "working for a living" because when the machines do most of the work for us and all of life's necessities can be obtained for next to nothing, what is there left to do?