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There is a third kind of meaning to an MS-CS degree.

For international students, it becomes significantly easier to get work authorization and permanent residency in the US if they obtain a higher education degree (basically an MS or a PhD) from an American university. This is one of the main reasons that students from India and China in my university who have a BS and already have very employable skills still go for an MS.

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Even if you don't have an American degree, it helps for immigration purposes. For example, I have a Canadian MS, allowing me to apply for a green card under the EB2 category. The EB2 category has an expected wait time of about a year as opposed to the EB3 category (if I only had an undergraduate degree), which would have a wait time of around 5 years.

I second that.. It's a way for students from overseas to get settled in the Land of Opportunities

And, if the dozens I've interviewed are representative, not learn to code well enough to solve FizzBuzz.

Interviewees are never representative of the people working in the field: you're selecting for the people who don't have a job (that they're satisfied with).

People with CS degrees who can't code are more likely to be out of work, or to be in low-paying jobs, and therefore more likely to be applying for jobs.

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