a few of the points he makes in that are valid, but the idea that degrees are worthless is the wrong one.
what needs to change is the attitude that a degree is a gateway to higher wages, better employability and all that jazz, and focus on the fact that a degree is a tool to help you develop the SKILLS to get those higher paid wages and employability.
after all, my physical degree in maths is no more valuable than an honorary degree bestowed upon someone else.
The skills I learned in managing deadlines, analysing and solving problems, working in teams etc is what makes me employable. That can be replicated with work experience, but finding a job that focuses on strengthening these talents at age 16-18 can be quite the difficult task, which is why university is an excellent option.
Of course when you take a course which involves very little of this, then you're going to struggle to find a job without showing employers in some way how you have these skills.
I say that as a general rule for graduates of unnamed degrees trying to find work in an unrelated field of course. Obviously doctors, lawyers, dentists, veterinarians etc all the way to psychologists, economists, mathematicians, physicists etc need their degree as the knowledge gained is pertinent to the jobs they do, but for the vast majority of graduates, going into the field that their degree "naturally" leads on to is not the target at the start of their courses.