Nowadays some employers think that formal academic qualifications are more important than life is experience or personal qualities when they look for new employees Why is it the case Is it positive or negative developments

In recent years, formal academic qualifications have surpassed life experience and personalities in terms of representing the necessary knowledge and abilities for the industry. A formal qualification can help people advance in their careers and increase their chance of promotion prospects in the future. It is a positive thing because having a degree is not easy. To acquire good grades, students must go through difficult and demanding lessons at school, practice self-study, and have teamwork abilities. Students must also participate in extracurricular activities to improve their soft skills and knowledge. Hands-on experience practical jobs to gain and accumulate more practical skills and boost work possibilities. These are important characteristics for the student when they graduate from university, and they are demonstrated by having a university diploma