Just out of curiosity, did a college degree assist you in the creation of the above sentence? Its a work of art.
I do not have a degree.
I do speak English.
In many ways the degree shows more about the person's patience and tenacity than their ability. Many firms don't even ask your GPA after you've been out of college for a few years.
There is also an assumption among many that a degree is an indicator of intelligence. Anyone who'd been to a college kegger knows the error of this assumption.
The fact is that, in many fields, not having a degree will limit how far you can go. I have seen very strong employees reach a ceiling because they didn't have a degree, and no amount of experience compensates for that in the eyes of many, especially at large companies.