I think we already have moved in this direction, in the sense that a degree doesn't get you much in the job market. Employers tend to place much more importance

I think we already have moved in this direction, in the sense that a degree doesn't get you much in the job market. Employers tend to place much more importance on work experience, tangible accomplishments, certifications, and so on. (Even certs might not be so useful, since the ability to pass a test is often quite different than the ability to actually do a job.) In addition, landing a job often ultimately comes down to who you know (networking, or more cynically, nepotism) and luck.