Is having a college degree the key to having job security nowadays?

It seems that the areas hit economically the hardest in the US are areas that have lower rates of college graduates and that have a large working class population like Michigan, Ohio, upstate New York, etc. So is the key to future job security in the US being able to have a 4 year college [...]

How important is it to have a Masters degree nowadays? Is college degree not enough for a management position?

How common is it for management employees to have a Masters degree? Do you have a Masters degree? If not, would you like to have a Masters degree? Why? What for? How many of the people you work with (coworkers) have a Masters degree?