Or, things are not as black and white and both are true in a sense. School is important, up to a certain point. I admit, this highly depends on the country and schooling system, and I have too little insight in how hiring works in the US. But in many cases that I am familiar with for the fast majority of people to have a pretty decent career you need a degree, not the most prestigious degree just the right type of degree where the sort of school you got it is less important.