I feel like my original reply was too dismissive, and I apologise for that.
It's a fair point that even graduates can struggle to get employed. But that's because degrees are common now. It's fairly normal to go to uni, and having a degree won't (and shouldn't) guarantee a job. There are a lot more factors that separate the great candidates from the good. People shouldn't be just going to uni and getting a degree, because that's the bare minimum now. People should aim for better universities, better degrees, and to better themselves outside of their degree too. Competition is good because it encourages this, and I don't think it's fair to stifle competition just because some people don't want to compete.