How did academia do that? It doesn’t seem like universities would have the power to do that. More likely, either employers put academia as a gateway. Or even: the culture at large misunderstood what pathways existed to middle class life. Or even: pathways to middle class life became scarcer and more insecure, and the real gatekeepers (hiring managers) had no good ways to select which of the many people at the door to let through.
I agree with you (and upvoted) but consider this: why don’t fancy schools offer the same credentials for MOOCs if the information and assessment is on-par? I believe it is because they recognize the value of the credential and guard it closely.
I think you missed the parent's point. Maybe consider this:
Why don't employers recognize the credentials of a MOOC to the same degree that they would a university degree?
We could similarly ask why employers value the degrees of some universities more than others.
I think it's important to realize that ultimately the decisions come from the employers, not the universities. No one is making the employers do anything. But at least the second question might have a clearer partial answer. In part, there is a selection of a tribe, an implicit "culture fit" that's happening. It isn't uncommon to see employer bias towards specific universities. This is especially true with prestigious universities.
But it's not the universities that are making anyone do anything and that's an important distinction.
I brought up that I think the root problem is employers in a different comment, so I’m not missing that point.[1] The distinction is that I don’t think it’s a dichotomous problem. While colleges may not be the root problem, they can still be a contributor to the problem. (Besides, if an employer is to recognize a MOOC, that course completion has to be documented, which means it’s just another version of credential)
How did academia do that? It doesn’t seem like universities would have the power to do that. More likely, either employers put academia as a gateway. Or even: the culture at large misunderstood what pathways existed to middle class life. Or even: pathways to middle class life became scarcer and more insecure, and the real gatekeepers (hiring managers) had no good ways to select which of the many people at the door to let through.