It's not a simple question of is 4 years work experience better than a 4-year bachelors degree.
What about two bachelor degree holders, one decides to work 2 years out of school, the other does a 2 year masters program. There are still many jobs that "require" a masters. Some you can get right out of school with a masters and if you didn't it would take a heck of a lot longer to get into that position without your masters (a bachelors is still required).
If a job doesn't require a degree, but is more of a "nice to have" thing 4 years experience is better than the 4 year degree. But after a certain amount of years that would equal out. Is 9 years work experience that much worse than 13? They are probably equal so in that case the degree holder probably wins out.
Then there are many positions high executive positions that you just cannot get promoted to without any education.
The whole work your way through school cannot happen anymore. School is too expensive to do without family help or loans. So I think we are going to see a lot more people going to school throughout the summer months and finishing their degree a year or so faster.
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