Sorry, but I'm glad the FI bitchers arent running the show- I actually worked my arse off for that 'piece of paper' and got an education while getting my education- I'm glad most airlines actually looked at transcripts and not just the degree- We are the ambassadors for our airline, and requiring a basic level of education beyond the HS level is a confidence booster for passengers- most pilots I know w/o degrees are rough around the edges and, while intelligent, are less polished. Can ignorants graduate college? Of course, but the question becomes why would someone not get a college education? And why on earth would any airline hire as a pilot anyone who values education so little that they can't put in that basic commitment and effort-
That's for Yip-
As for the OP- turbine PIC- "they can" is valid but simplistic- there is a learning curve that only comes with experience- two things you can't replace: talent and experience- and I've had enough FOs who were captains before to know the value of having that experience in your right seat- especially as the airplanes get bigger and the responsibility grows-
There is something to say about the learning process- student becomes the instructor, becomes the learner again in the right seat, becomes the captain in the smaller a/c, becomes the FO in the bigger/faster plane- becomes the captain-
The worst captains are usually the one's who weren't FOs enough times for long enough to remember what it was like- there is a lot of learning that takes place when you go from Capt, back to FO-
We shouldn't minimize it - these are not just "HR" requirements-