Comment Complicated. (Score 1) 85
The value of a degree might be depressed, and that is true. Education inflation is real. But there's a basic problem here. Having no degree bans you from a lot of jobs. You are filtered out by the AI or automated system before your CV ever hits the eyes of a human. The degree at least cracks open the door.
I have an extensive resume, with almost thirty years in critical systems, from operational programming and 24x7 support to my PMP, extensive leadership and managerial experience, successful projects up to $50M... everything but a degree. When I took a voluntary buyout, it took me a year and over 150 applications to find my next job... and I got it through personal contacts. I received exactly one callback through cold application. And my CV is excellent.
I retired last year. I shudder to think of what would happen if I had to enter this market, filled with newly exited, degree-bearing, hungry folks.
The degree is more valuable than not having one. That's what it comes down to.