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How many of these companies will use this as an excuse to pay less?
Every last one of them
Almost every job I’ve had in the past 30 years ‘required’ a degree but I never had any problem getting hired without any degree.
Same.
The hardest one to land was the first ‘proper’ job - and that was a technical interview in a self-taught discipline I’d been freelancing in for a few years at that point. Every subsequent role had a degree (or post-grad) as essential. I have zero academic qualifications for the job I’ve been doing for the last 20 or so years.