Yes, but it's a problem in hiring. A degree is still a good proxy for good worker, because it guarantees that: 1. The employee was able to work on the borin

Yes, but it's a problem in hiring. A degree is still a good proxy for good worker, because it guarantees that: 1. The employee was able to work on the boring matter he was assigned, and often disliked 2. The employee internalized some social norms, unlikely to be a weirdo 3. The employee knows what he doesn't know, and what things exist in the industry Once I made a lecture on higher education, showing that it has many functions besides the core skills that everybody talks about. And that there's no replacement to it on the horizon. After my talk, a guy comes up: "such great lecture, just my thoughts. Why do they need a degree for bank clerks? A technikum* would be enough." (I spoke of exactly the opposite. And the test to his idea would be: come to the bank manager, tell them they should hire people without a degree, listen where he tells you to go.) * technikum in post-soviet countries is 1-2 year vocational education, lower kind of degree than college or university.