Computer Science Degree — Is It Worth It?

Here is a request for a proposal taken from a popular freelancing site (spelling errors included):

I am looking for someone who has good experience writing thesis projects. I have a deadline of December 10th to submit my thesis. I am a Computer Science student and almost at the end of my completion of the degree. I have to present a good strong thesis project related to IT which has some programming or implementation involved in it. Below is the brief description which my professor has given me to write my thesis. I am looking for someone who should be good at writing strong tehnical thesis. Money woudl not be an issue for the right person.

I come across these occasionally and wonder what will this person do when they enter the “real world”.  This one is particularly telling with its directness.  Will an employer be able to detect their lack of ability?  Will they be fast-tracked to management because of their pedigree?  Will their spell-checker prevent future exposure to their incompetence?

I believe, for the most part,  there are good schools producing good students.  But seeing things like this worry me.  The general lack of enthusiasm of Millennials and the misplaced emphasis on job placement among colleges (and universities) has degraded our educational system.  And, assuming this is a foreign college, I have much doubt about our ability to fulfill the vacant computer programming positions by increasing the H1B visa quotas.