It’s becoming far more common, yes. I’m not really sure what all of these people are doing with master’s degrees nowadays. But at least in the US, a master’s degree seems to be the new bachelor’s degree. Higher education is all a racket.

Granted, I do say this as someone with a master’s degree. My master’s degree actually was incredibly useful to me though and not something pointless like underwater basket weaving. Mine helped me make a healthy wage (at the expense of student loan debt, but it all works out).