Only if the only point of college is to get a job.
When it comes with that 200K of debt the ONLY point is to get a job. Employers want employees with degrees because degrees come with debt and people who are in debt are less likely to quit a shitty job.
Having a degree that might not necessarily be relevant to the job does suggest to an employer that you have the ability to complete tasks as assigned to a satisfactory degree and generally indicates some amount of communication, problem solving and other soft skills.
Also technical colleges and community colleges exist. You can spend a lot less than 200k getting a degree
In my mind it’s not so much a joke degree inasmuch as it really relies on the student to have their own plan for employment and the usefulness of the degree.
Some people have connections, ideas, outside the box thinking, or independent wealth.