I read an article once that suggested that colleges and universities are part of a mafia-type organization that extorts parents/students to pay high tuition fees...otherwise the student won't be able to get a decent white-collar job as an adult (the whole college degree required deal)
Nah, there's just not a good way to rate and rank potential job candidates without actually taking the time to get to know them. Finishing college is just an imperfect proxy for being smart and working hard, and companies use it as a baseline because it puts the onus on students/employees to attain. If there was a way for companies to more accurately rank candidates (without actually requiring more work on the company's part), they'd use that instead. Universities are more than happy to facilitate this.
