You can buy a house in Canada on a low skill job that doesn’t require a degree and doesn’t destroy your body? You certainly can’t in the US. Your statement is also incorrect in the US because of a flood of entry level folks with degrees. This has been a problem here since the 2008 crash. Jobs that didn’t require a degree ten years still don’t but won’t hire without one because of the hiring pool.
You’re totally right on paper. The real world is not theory though.