I understand and possible agree with the general idea, but I feel that this article takes it way overboard. If you want to talk about coding use statistics relevant to coders, not general statistics.

> Furthermore, some recent college graduates are not faring too well in the job market.

This is not true in my experience for coders. Go to silicon valley and therell be many startups vying to get your attention.

> If you’d like to learn how to code, you don’t need a $150,000 piece of paper to tell you that you can.

That isnt what the paper signifies. It signifies that you have reached at least a certain level of education in the field. More importantly, it signifies this to other people who dont know you at all. Even pg wants to know what school you went to on the yc application. (you might argue that people who drop out still get in, yes, but if they had had that credential, their likelyhood would probably have increased, otherwise, why would yc ask?)