Can you expand on this? I'd like to know what the exact mechanism is. I don't believe that most people take college degrees seriously, outside of some difficult disciplines.
My child has started second semester, junior year of a double major: Molecular Biology and Applied Statistics. Most other students give her grief over not partying every weekend and instead choosing to study. She tells them she will party later when she is enjoying her six figure income.
So , how many parents reading this raised one of these partying college students who live to bully the few responsible students. I guess they figure they can just keep electing Obamas who will wage war against those who work hard to give to those who have not earned it.
Thus, a company has to use the de facto standard of a college degree.
I also think this has led to the ending of many training/apprentice programs, because they aren't willing to invest the resources on people they know very little about.