To me this represents a watering down of educational credentials' value.
There was a time, just barely in my lifetime, where having a *baccalaureate* was an accomplishment and something to be proud of. Now having a B.<whatever>. is just a source of wallpaper. A Masters is the minimum for respect.
And it looks like Sweden speed-ran the devaluation of education and now Masters degrees are the wallpaper level. (I assume baccalaureates are toilet paper?)