Things change now and most of the graduates has to go through a lot of learning experiences from jobs they have no idea but because they have gotten a degree the employer considered hiring because there is determination in completing the degree.
Having a degree is still required in some other places. In Asian countries employers prefer the graduates of any kind because even when the job is just operating a building elevator.
The university degree is no longer the only way of getting into success. The world is changing faster which demands more value to skills hence the need to acquire them. Individuals that are familiar with useful skills such as coding, designing, plumbing, or even digital marketing are able to earn more money and have more than enough control over their careers. However the same also goes in a way that whereas in certain areas particularly in parts of Asia attaining a degree still counts quite a great deal since it will be regarded as an indicator as to an individual being disciplined and dependable. So, it will depend on the location and the discipline that you are entering but all out, in general skills of the real world are increasingly gaining appreciation now and that is a welcome change.