[finnthehuman]

Unless the degree is for something quite uniquely skilled, it's always been the case that college is just an indicator of baseline dedication and ability to learn on the job.

Of course there are always sharp and diligent people that didn't go to college. But if they don't have a degree or work experience, then you have to interview them to find out and possibly do more on the job training. When someone already has lots of applicants, they don't bother finding out.