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I wish that was true GlobalTraveler. But have you taken a look at Dice's Tech Career forums? It is flooded with people with applied associate degrees, CS/Math/CE bachelor's and master's degrees, people with a list of certifications, people with years of work experience, etc.... Most of them cannot find jobs, are self-employed while not making much money, working for $10 / hour, etc... no matter what their education or work experience credentials. H1-B visas are killing the field.
That doesn't mean someone shouldn't major in CS, as there is not much out there that is better. Just, as with everything else, ALL the factors matter (school name/prestige, GPA, internships, co-ops, specific relevant classes taken, math courses, standardized test scores, etc...).