If everyone has one, except you, doesn't that mean you are ****ed?

While I do get the argument of people paying way too much money for their degree.
I also get the argument of people getting degrees that do not have much demand.
I do not get the argument that not everyone needs a degree to get a job.

We are just being hit with a new wave of automation. There are going to be many people that the job market just doesn't have any need for. If you are a young person, you should be concerned about how you get a job in a world where 20-40% of the current jobs are automated/no longer exist.

So you need skills so you can generate profit for a company. And you need a way to prove it in 5 minutes.

In an ideal country, everyone has an advanced degree and no person does manual labor/mundane work. All people have interesting, intellectually stimulating jobs.

Saying that all people having a Bachelor's degree is the same as no one having it is a very very odd statement. It reminds me of this video: