Jamin2112
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George Jones said:These are very different scenarios, as a college degree is often used as a filter.
A Bachelor degree is only a filter because so many people are getting Bachelor degrees. If the same number of people got PhDs, then a PhD would be the new filter. Conversely, if no one went to college, then a college degree would cease to be a requirement (and there would be no shortage of highly skilled workers including engineers; they would just be produced through a different system that would be more efficient).