I thought employers were moving away from
Focusing on degrees
To me, it's kind of like when people used to say you don't need to go to school to be a CEO, but 89% of CEO's have a college degree and 98% of Fortune 500 company CEO's have a degree.
There are absolutely cases of people not having a degree and having a great career in software. There'll be many more as well. People post all the time, even recently, on reddit about getting jobs with no degree. When we interviewed, we didn't care if people had one. shyt, was the only person on my previous team with a STEM degree.
That being said, the thing about having a degree are the advantages it gives and the doors it opens.
An obvious one is that the degree will bypass the degree filter. A lot of jobs are hidden behind that switch and someone is losing access to a lot of potential jobs by not getting through it. It's like a tree, the node on the left has a lot of jobs that do not require a degree. However, the node on the right are all the jobs that are available if someone has a degree and all the subjobs that go along with them. Even if only 20% of software jobs require a degree, 20% of 3 million software jobs means 600,000 more opportunities open to apply to.
Another advantage of a degree is knowing you can go into another field those without a degree can't. If someone doesn't have a degree and gets tired of making CRUD apps they got far less options than someone who has a degree and can go take the OMSCS to go into something more interesting like A.I, Computer Graphics, Computer "Vision", Embedded Systems, etc. with some further education (Masters).
Additionally, like the CEO fact, many people will only feel comfortable giving promotions to those who have a degree, so it's basically a ceiling remover as well.
At the end of the day, the market will rebound and many people without a degree will get jobs again, shyt I know plenty companies who'll hire without a degree the second this mess rebounds. However, it's something someone who has one will never have to worry about.