It's also the fact that a good amount of people in not-as-developed countries (I speak for Turkey, at least) use the diploma as a hiring heuristic to a much lar

It's also the fact that a good amount of people in not-as-developed countries (I speak for Turkey, at least) use the diploma as a hiring heuristic to a much larger extent. No diploma? You must have been a lazy bum. Graduated from a good college with the lowest grade in your class? You'll probably have a well paying job regardless. It's getting better though.