I might be an interesting case study here in that I started working in tech when I was 14, didn't start college until I was 22, and ended up with a STEM degree afterwards (Northwestern, electrical engineering).

While it was always possible for me to find work before the degree, I have to admit that the work offered was vastly incommensurate with both my actual skill level and my desired compensation. This is much less the case post-degree. In fact I now regularly have to turn down work I frankly feel like I couldn't do as good a job on because I have a language to learn and a citizenship to clinch.

I do think this effect would have faded out gradually either way, markets are going to reach equilibrium. But the degree made it happen much faster for me even despite relocating to an entirely foreign job market. I would say get the degree in almost all cases.