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The evolving relationship between AI skills and traditional college degrees in the transforming global labor market. It highlights a growing shift towards skills-based hiring, driven by economic incentives like wage premiums for AI competencies and increased productivity, leading to the rise of alternative credentials like bootcamps. However, the document emphasizes that college degrees retain significant long-term value by providing foundational knowledge, economic stability, and cultivating crucial human-centric skills such as critical thinking and ethical reasoning, which AI cannot replicate. It further examines how this dynamic varies across sectors—from tech's skills-first approach to healthcare and law's hybrid models—and addresses implementation challenges, the equity implications, and higher education's adaptation to a lifelong learning paradigm. Ultimately, the text argues for a synergistic future where both degrees and continuously updated skills are vital for individual success and societal prosperity in the age of AI.