It depends on the degree. A degree in some non traditional study such as Womens Studies or something stupid like that will obviously show a potential employer that you really have no clue about how the world works and would also be a warning to anyone who might consider hiring them that they are a lawsuit waiting to happen.
My younger son took an intensive 90 hours only in IT after getting out of the Air Force as an IT guy. He’s making well into six figures. Focused on the data and rejected the fluff.