To some degree the TI's and Uni's have bought this on themselves.....too much looking over the fence to see what their opposition is doing and then duplicating courses in what's already a small market.
So let's say 3 tertiary institutions in the same city offer courses for a similar qualification and that could be 100 seats in total for maybe 5 nationwide positions annually. Yes this happens, so no wonder there's falling roll #'s and students only discover the real marketplace position for their future employment possibilities.
Managers, boards and general governance salaries and bonuses are based on growing the institution NOT the success of their students so the status of those on top is what's valued rather than the quality of staff and their results.
The same scenario is playing out in our schools where principals remuneration is roll based !

Loosely interpreted as
get bums on seats at any cost ! Only wise and 'engaged' boards can keep this under control.