Ok so let's add this twist to the equation. How many places will employ someone who's been out of the workforce for 10-15+ years and no recent work experience even WITH a degree?
Are the people who have degrees that choose to stay home and put their career on hold honestly believing that once they send that last baby off to school they will just hop right back in where they left off in their career?
Are those who have a degree planning on freshening up their skills by taking MORE classes in their field before they return to the workforce? Because a LOT changes in the workforce over that time period, regardless of what field your degree is in.
I guess if I was an HR recruiter (which I have NO KNOWLEDGE of) if I had someone who had a degree, but hadn't worked in 10 years in the field, or I had someone with NO degree, but had been working in the field getting experience over the most recent 10 years I can't say I'd be so apt to pick the one with the degree.
Just thinking on both sides of the fence.