Blindly having confidence in someone with a degree vs. someone with no degree is a bad mistake in this industry, IMO, sadly it happens.
It really comes down to the person, self taught or not, if you don’t pursue continuing education (which is a must in this industry) whatever CS knowledge you learnt with your degree will only take you so far.
Also said “broad exposure” can be well… self taught as well, algorithms, data structures, OS, etc… all things you can learn and "master" with no CS degree.
With all that said, I do agree CS education is essential to become a better developer. As a self thought myself, learning CS has made me a way better developer for sure, and I would advise all self taught devs to do the same, it will pay off immensely and best of all no student loan to repay.