[spamizbad]

The assumption seems to be that employers are kidding themselves by hiring mostly college grads and are paying a premium for them. So let me pose this: If a college degree truly holds little value to an employer, why aren't there leaner, meaner companies springing up hiring the 68% of students who graduated high school but didn't qualify to attend a 4-year college in the United States? Their labor costs would be significantly less than a competitor's who insists on hiring people with at least a 4-year degree.

The reason why they insist on the 4-year degree, I suspect, is that labor costs are so high in the United States that paying the premium for a 4-year degree is negligible to your bottom line, so hey, why not save yourself the time of filtering through even more resumes and just demand a bachelors degree? It's not like college is going to make anyone worse at their job. As an added bonus, people who carry debt in the form of student loans or mortgages are less likely to strike or change careers - so it's a win/win.