Saysme: If you want my take, its misplaced nostalgia of sorts. Most traditional employers right now are old school folks, and measure you by their own perhaps outdated standards. I got a BA so I want to see you do the same if you want to work with me. Why you were a philosophy major at Edison who decided to go for a career in finance is a story they can respect, even though logically it may make no sense to value that over no degree at all. As time passes employers will get wise to the online degree scam and learn to value it appropriately (as they did with BTL and then with Touro).
Government jobs are a different story and might have pay scales or requirements that incent or require the degree.
Again, this is all applicable when we are talking about a career that doesn’t have specific BA requirements. Obviously anything in the medical field is going to have specific requirements, but I’m talking about the careers where knowledge by any means is the requirement.