Nobody likes it. No organization likes Credential Creep, or the Paper Ceiling or any of the other phenomena which results in not knowing whether a HS graduate can do 8th grade math or a college graduate can write a grammatical, three paragraph summary of a longer non-technical work.
But this is where we are. We’ve got International Finance majors who can’t speak any other language but English, and Communications majors who don’t know what a topic sentence is because " it wasn’t on the final".
So employers ratchet up their expectations just to make sure that they don’t have to add “remedial curriculum” to their corporate training and learning responsibilities.
We can teach “mini MBA” to new hires if they already know how to learn and have a solid core. My company has not had success teaching fourth grade Language Arts to adults.