That very attitude (that higher degrees=better at everything) is what I have the problem with. Not only is it demonstrably not true, but it comes with real consequences. An entire generation is being saddled with crippling amounts of debt because of attitudes like this, and we all lose because of it. Our society becomes lopsided, with not enough jobs for college grads to enable most to pay off their student debt, and not enough tradesfolk to fill the ever-widening gap between our needs and who can do the work.
Please note that I am not talking about learning in general. Lifelong learning is fundamental. But there are other paths to knowledge beyond a 4-year college.