Quality of education in most of the developing countries is compromised and the educational institutions are just producing graduates with a degree but without the required skills. On the other hand, the job market requires skills as most recently google has waived the requirement for a degree or diploma and they are focusing on skills. I believe that a degree from a good institution embeds skills but this may not be the case in most of the institutions in developing countries.
So what should be more important to the knowledge seekers? Skill or a Degree? I personally believe a degree is important provided it ensures the competence of the graduates and embeds skills.