This is a widespread problem. The inevitable outcome is that university education loses more and more prestige. Maybe this is the way it has to be. Self-taught people with impressive portfolios start becoming more and more attractive while well-qualified people become less and less attractive - or even suspect.
University education has lost a lot of its appeal, that's correct, some sort of tragedy of the commons. But that part of "Self-taught people with impressive portfolios " is hilarious, navel gazing to the max. Nobody would deal with a self-taught cardiologist or structural engineer.