Earlier quoted context omitted.
OK I can understand it from that perspective, it's not that there's so much weight being put on a degree, but rather its used for lack of other filters, when there's lots of applicants. Doesn't sound very accurate, but I can see the reason why.
For example, the P(A | B) notation is something you learn at a University Probability class. A good feeling for elementary probability thoery is something that makes you much better at modeling, understanding and predicting the world, and not just as a programmer. And there's lots of other classes like that in a Uni. curriculum (although the overall percentage of really useful classes is in my estimate only 25-50%).…
That's a load of crap. Normal people who want to learn such things pick up a book and read about it. Only very young people consider "going to school" a viable option. Normal people have jobs, kids, and responsibilities and don't have time to go to school every time they pick up a new interest.