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The flipside to your first point is that employers can probably get an edge these days by simply ignoring college degrees. If you're skilled enough at hiring to actually find good people, ones without degrees are probably undervalued by a significant margin.

That's true in technology, which is why I qualified the second suggestion with "non-technology jobs". It's much less true in other fields, where the work hasn't yet been done to create evaluation rubrics that don't depend on signaling from college.

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