Take a look at this: http://www.bls.gov/news.release/empsit.t04.htm

Who's going to get a competitive advantage by hiring the 5 million people with a HS diploma or less?

Edge case whizzes are not effected by this. Anecdotally, yes, but in practice it's those without economically valuable skills. Two hands and a strong back ain't what they used to be.