What does having a college degree mean when looking for a job?

Some employers have come to expect that students fresh out of college are completely prepared for their new position without any training. After all they already have a college education. Unfortunately degrees usually give a good foundation but not the experience gained when actually working at a position. Especially with the abundance of the workers in the field some employers have even begun requiring degrees without regard to what the degree in as long as it was completed. The following is an interesting article outlining some of the problems facing new graduates looking for work and what their future employers are expecting.

http://chronicle.com/article/The-Employment-Mismatch/137625/#id=overview