Think:
Oxford, the first university, was founded sometime around 1500 (I'd have to look up the exact date). Yet, before Oxford, there were thousands of people who made a valuable contribution to the world. So you might say: well, it's necessary today. Why would it be?
aznandyboi made the excellent point that a degree is nothing more than a piece of paper. He's almost right. A degree is a credential that entitles you to a manufactured regard. That is to say, "I'm an Oxford alum," means something different to people than to say, "I'm this guy from Oklahoma." A large part of the reason I'm getting a degree is because I want these credentials. I intend to continue my schooling through a graduate school.
So necessary? Absolutely not. You need an education, not proof that you've been in school.
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