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S/O of last week's educational poll: Credential Inflation?

http://www.nytimes.com/2011/07/24/education/edlife/edl-24masters-t.html?_r=1&pagewanted=all%3Fsrc%3Dtp&smid=fb-share

Someone linked this on FB today. Basically, the articel talks about how Master's degrees are the new Bachelor's and how more and more people are feeling pressured to go for additional education in order to break into/advance in their field.

What do you think? Have you seen/felt this? What impact do you think it has or will have?
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