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When students want to cheat their way through the education system, the fault is not solely their own. Perhaps this will drain some of the excess credentialism out of the system.
On the contrary, it will raise the floor of required credentials. When everyone has a HS education, an undergrad degree is needed to stand out. Now that a bachelors is the de facto education level, a masters degree is necessary. If it gets easier to get a MS degree, we’ll be requiring a PhD for entry level positions.