Why does our society place more value on the degree than the actual learning? With Ivy league and esteemed colleges publishing their courses online, it is plausible to think that one could learn as much or more than a graduate, yet that knowledge would not be valued in the workforce or in the field of knowledge. This can also be seen in high school. Less knowledgeable students who earn the diploma are far greater valued than others who may have superior knowledge but did not complete.
I'd like to supplement Allen Stairs's fine response with two additional points. First, giving significant credence to the possession of degrees isn't merely a time saver. As a society we have largely delegated the measurement of learning to degree granting institutions. At least in theory, possession of a degree is supposed to correspond to the actual possession of knowledge. There aren't a lot of reliable alternatives for judging whether or not someone possesses the knowledge in question (especially if the person trying to gauge another's level of knowledge is not an expert in that area herself). Sure, a prodigy might be able to self-teach and attain more knowledge than the credentialed person, but that is still relatively rare. Second, there is more to the possession of a degree than mere knowledge. It communicates to potential employers (and anyone else who cares) that the person has a level of perseverance and discipline and is able to work within the guidelines of an institutional...
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