It's really popular to try and get into college and earn a degree. But if everyone goes to college and gets a degree the value of that degree would go down. This happened to high school diplomas. I think that eventually what will happen is that there will be so many educated people that they all won't find work, then who's gonna do the menial labor? People with degrees right?

It's already happening. You have to aim for a Master's minimum unless you're a talent, CEO, etc.

That will NEVER happen. As long as people are alive there will be someone to do the small jobs. Most college degrees are worthless anyway. Teacher, business, law, health and science are the only worthwhile degrees.

Try to get something higher than a college diploma. Shouldn't just stop at college

But if people aim higher that same thing will happen.

There is a problem with too many overqualified people for certain jobs.

No not everyone should go to college. If the whole formal school scene doesn’t interest you, don’t go. There are many occupations that involve no degree that pay a livable $20+/hour. Many people who don’t go to college and go to a trade school very often tend to really enjoy it and stick with their career longer.

And a more obvious thing that is politically incorrect… not everyone has the intelligence capacity to succeed or perform at least satisfactorily in a 4-year school.

I don't know what the system is like in the US, I've heard college fees are very expensive in America.
In Europe, for example in my country, University undergraduate degrees that are 3 - 4 years in length are very accessible, they only cost 2500 USD a year. So basically its the norm for all teenagers to go to university as soon as they finish secondary school (around 18 years old). It's only very very minor and marginalized groups whose kids wouldn't go to college because they breed a culture of unempolyment.
Are university degrees as common in the US as they are in Europe?

Well the US has the most amount of college graduates. But that may be due to population and amount of schools. Yeah college is expensive but that's only if you go to a private university, very wealthy, or didn't work hard enough to get a scholarship. So very few pay that fee. And that's why almost everyone goes to school.

No. It increases my competition regarding admissions and I always get annoyed that the people in my year who don't consider school important expect to make tons of money after they get their degree.