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Well obviously it means something. It doesn't mean everything though.
It can mean a person with a specific degree probably has greater knowledge in that area than the average person. It also means they've gone through an academic process that will help them in their career (working hard, writing papers, doing experiments, etc.). So it's not useless. What a person says, however, is not dependent on their degree (e.g. Kent Hovind).
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OCCUPATION 101.
One would think a simple task would be, well, simple. Maybe not for simpletons.
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