Information is practically free now. And many people that are fresh out of college are still not ready for the careers their degrees supposedly prepared them for. I expect either for colleges to adapt to provide more real-world knowledge or for companies to care less about whether someone has a degree and more about their work history and personal projects. For me, 4 years of work in the field (commercial construction and service calls) was a much better decision than 4 years of college would have been. My current company hired me for my experience in the field.