Market saturation is not really the problem for many folks looking to find work in their particular field of study. Businesses like to promote the idea that an industry is healthy and growing, when it is actually not. It's like when you walk into some small business and strike up a convo and say, "How's business?" The dude behind the counter will always respond with, "It's good." ...when in reality, he's never actually turned a profit.
Back in 2000, when I decided to study design, after dropping out of art school, I was told by the design school that 98% of their graduates went on to find a "job" in design. I graduated at the top of my class, but was never able to find a design job that fully utilized my study of design. I thought to myself, "what are the chances of me being part of the 2% that didn't find a proper job, while at the same time, graduating at the top of my class?".
I was swindled ..is all. Fortunately, I only spent nine months in this program, instead of a typical 4 years at a regular college or university. Some people would say that my problem was that I went to some school that was not "recognized", however I don't believe the shit, anymore --- I'm sure that a ton of 4 year design students that studied at a "recognized" institution never went on to find a proper job....so what would be the excuse for them?
"Market Saturation" does not accurately describe what is really the deceptive practices that educational institutions will employ in order to part somebody from their monies.
"Business" is more accurately defined as "The art of employing deception as a means of procuring monies." This definition is more accurate, because 99% of industries and companies cannot sell their bullshit products/services, unless they employ deceptive practices.