Are academic qualifications becoming devalued, now that more and more people have degrees? Is a primary degree such as a Bachelor's degree enough in today's workplace?

It is true that to survive in this competitive world students have to learn multiple subjects at the same time. I agree that this is the tough situation but it does not mean that it devalues the education

This is the world of science and technology. Traditional ways of working is replaced by new methods. For example, every department is being computerised, railways  ,hospitals, airports ,etc…Also new strategies are being introduced in the world of business .No one can cope with the demands of the practical life without getting higher education. More over globalisation has affected all types of professions. With increase in the awareness and communication, the competition for good jobs has increased a lot. So to survive in this world the importance of higher education and multiple skills has increased a lot.

Moreover, today the world economy is knowledge based. Those who get more knowledge would have better job opportunities. Many companies employ people with better qualifications. The employers prefer to hire those people  who have knowledge of more than one skill, and they offer them good salaries. So to cope with the changing demands of the practical world students have to take more certificates from universities. Nevertheless some job sectors do need skilled workers like information technology and engineering. To get a head in the professions like this one should have better knowledge.

For the reasons mentioned above, I believe that, although these situations have developed a competitive environment among students, it has increased the importance of qualification.