I'd support the voiding of all academic degrees. What were they really used for? Pretty much just to make an appeal to authority in order to convince a potential employer that you know your stuff. The paper only offers a guarantee that you cleared your curriculum credits, even a straight D student can do that. There's no guarantee that they had decent teachers or any sort of standardization in their testing (and even standardization doesn't prevent it from being the old memorization test that tests only short term learning).

I'd much prefer individual employers being responsible for the testing of aptitude and knowledge in every potential employee. If the employer's one of the lazy fucks that doesn't even check references after asking for them, they can just give a dummy test with multiple choice answers to reflect their own investment.

Though I imagine some points of failure in this, such as there being enough lazy fucks to make a market for outsourcing their aptitude tests, then those third parties homogenizing their testing to open up a diploma system where you can take a test once and be cleared for all future tests. Or some anti-discrimination legislature being passed to restrict what is allowed to be tested. I know, it's no perfect solution.