In the private sector anyway, it seems some employers are now demanding at least an associate's degree for an applicant to be qualified for a job. Really? As a mail clerk or an office assistant? I think a high-school diploma would suffice for such positions. As long as a person can read, write coherently, and do basic math, that's all the "education" needed for most entry-level jobs (in addition to other job skills, of course).
I'm a civil service employee, and my understanding is that Federal, State, county or municipal agencies require at least a high-school diploma or equivalent for non-professional jobs. Sure, if you're going to work as a social worker, an engineer, or a programmer, then you'll need at least a bachelor's degree. My employer is very generous in encouraging people to go back to school or get advance degrees, as we have a tuition reimbursement program here at work. The irony is that Employee 1, who's a "Water Distribution Plumber III" and didn't attend college and only has a certificate, makes more money than Employee 2, an "Executive Assistant" who completed her master's degree years ago.