Depends on what my incentives are on the hiring end. Many jobs default to requiring a college degree, and hiring someone without one would require a lot of extra work on my end. Also hiring a high school grad over a college grad would involve me putting my reputation on the line by implicitly vouching for them. If the high school kid can't do the job I will get blamed for the bad hire since I broke the procedures put in place to prevent such a thing from happening. I the college graduate sucks at the job, well these things happen, you did what you could.