Interesting prediction, and I kindof suspect there's a kernel of truth to it.

Of course, what you refer to is just marketing, which will result in underestimating the utility of having these degrees. The fact remains, however, that it still matters if you're well-educated, and it's still going to be causal when it comes to earning income or influencing your sphere.

All that changes is the value - elite topics will be undervalued, so it will be a great time for those who are intrinsically motivated to enter academia.