Graduate Degree

I have read recently in 2 separate reputable magazines that graduate degrees, specifically MBA's, are becoming more of a hindrance than a benefit.  With the changing economy, those looking for work or looking to change job, who have a graduate degree are often overlooked.  The reasoning behind this is because it is believed they will want too much money for the position.  Also, the trend seems to be heading toward looking for more practical experience.  This is kind of concerning to me since I am in the middle of getting a graduate degree.  Will the time, money, and effort I have put in to this degree be beneficial once it is complete?