There is a little bit of a discussion in the comments about whether degrees are worth anything if they come from for-profits, who unfortunately are among the few doing real innovative work, but I'll save that discussion for another time.
The irony in this comment just struck me for some reason. I know a lot of people use the word irony wrong, so maybe someone let me know if it's not as ironic as I think it is.
Higher ed has convinced the private sector (and legislators) that a college degree is necessary to succeed in any (all?) job when that's simply not the case. Right now, I'm doing the same accounting work with an employer-required Masters degree that I did 30 years ago with no college education whatsoever. Students that can't afford and don't need a degree can't get jobs that shouldn't required one. Over-educated graduates are filling the entry-level positions that used to go to bright people right out of high school.I agree with the notion that degree creep can be problematic. The information technology field seems a little less prone to disqualify someone based on their lack of a degree, but it happens there as well. The commenter was required by an employer to earn a master's degree (probably after being required to earn a bachelor's degree prior to that) to do the same job he or she has been doing for 30 years, originally without a college education.
Let that sink in for a second. This person that is lecturing us on a story about innovation has been doing the same job for 30 years. But let's not stop there. People who shouldn't need a degree can't find jobs, because all the entry-level positions are filled by over-educated graduates. Would, perhaps, this commenter, by his or her own admission be one of these over-educated graduates plugging up an entry-level job for the past 30 years? If it's really been the same job for that long, and it was obtained without a college degree initially, it sounds like it was an entry-level one. After 30 years of work and earning a master's, if you haven't moved up in the company at all, it may be time to look inward. Or maybe you just really enjoy entry-level accounting jobs.