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I guess the catch-22 is going to be that to get the more 'worthy' qualifications you'll have to study for even longer which will mean forefitting experience, so we'll just end up with a society full of academically bright, but older and less experienced, individuals.

I'm waiting for the day when you can simply send off for a degree in a box of cereal - or one of those bi-monthly magazines; 'just buy 24 editions and at the end send off for your degree in astrophysics'.... :o)