Is it that the jobs do not absolutely require college degrees, but the degree is very nice to have? Or is it that the hiring mangers do not give any credence at

Is it that the jobs do not absolutely require college degrees, but the degree is very nice to have? Or is it that the hiring mangers do not give any credence at all to college degrees? I teach community college. I have the work experience to teach continuing education (CE) classes without my masters degree, but the masters degree helps. Am I a college graduate working in a job that does not require a college degree?