An associate's degree in IT is not the same as a B.S. in applied mathematics. We're both pulling this data from thin air but I'd imagine the people with a B.S. in applied math rarely lose their tech job to someone with a B.A. in English.
If your point is that any B.A. is worth about the same as any other B.A., then I agree with you. However, this is definitely not true for Ph.D's, B.S's, M.S's
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