The question should also be asked, "Or is it a Keynesian beauty contest?" Or my preferred theory, which is that you have to put up with a lot of bullshit in or

The question should also be asked, "Or is it a Keynesian beauty contest?" Or my preferred theory, which is that you have to put up with a lot of bullshit in order to get a degree, and you also want to hire employees that can put up with a lot of bullshit in order to get necessary work done. The kind of smooth-talking folks who can convince you to hire them without a degree might be naturally suited to sales... which is one of the few fields where you don't need the degree anyway.