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The emphasis is on qualifications and not experience, I look at some of these engineers with degrees in their 20's and 30's and think how I was not that naive or lacking in engineering skills at the same age.
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I'd qualify that as being those who were full time students. I did my degree part time whilst working in Engineering Full Time since leaving school at 16 and completing my apprenticeship.
Its quite an eye opener seeing the lazy full time students moaning about there assignments when you are doing the same assignments whilst also working full time and then going back into work the next day and seeing some recently graduated, now with a piece of paper think they should be in a management position after doing a "graduate scheme".
Unfortunately most technical roles where I work now require a degree but many graduates believe that these roles are below them, within a few months (nowhere near enough time to learn the job) the grads tend to move on with a tick in a box saying they have done the role. Unfortunately that leaves the roles open and having to be filled by contractors who are expensive and therefore eventually outsourcing takes over.
What should be happening is that people should be encouraged to train by working these roles from leaving school and be given the chance to develop through promotion within the role, this gives a high level focused competence and expertise. Add to this focused degrees for more advanced technical subjects as they should be and you end up with a highly capable workforce at all levels rather than every man and his dog having a degree and therefore expecting to be high up the tree.