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With one in five taxi drivers nowadays being college graduates more and more people are realizing that only college degrees from smaller number of schools matter.
Only if the quantity and quality of international applicants stays constant. At the high end (at any rate), we've seen both increase dramatically in recent years. With the Ivies/equivalents capping Internationals at 10-15% of the student body, that means that it has been increasingly more difficult for Internationals to get in to those schools.
Granted, what you say may apply to those schools well outside the Ivy/equivalent tier.
Clearly there are more kids with straight A's than there used to be. However, I think that this is because there are more strong students.
One thing they did notice was a marked increase in higher SES students and sometimes even parents to increasingly dispute grades....sometimes even threatening to hire high priced attorneys to threaten lawsuits if their special snowflake didn't get the "A they deserved" even when the actual quality of work in question fell far short of quality meriting as such.
With one in five taxi drivers nowadays being college graduates more and more people are realizing that only college degrees from smaller number of schools matter. And therefore more intense competition each year to get into fewer and fewer selective colleges. Here is a Wall Street Journal article that explains such dynamics:
What skews the number of taxi drivers is the fact that most are immigrants. Many immigrants come with a college degree, but its usefulness here is not always realized.