Don't get me wrong, I see plenty of people having trouble finding a position in games. It's just that this isn't limited to people with or without degrees (and isn't even limited to engineering positions specifically, where finding work seems to be easier). A lot of the time the people I see asking about their troubles finding a position simply don't have a portfolio of work to show potential employers.
And then there are people who haven't started applying yet but want to prepare. They ask in online development communities what they need to do to be ready - a lot of the time the answer from other people who do or have worked in games is to make games and build a portfolio, not necessarily ship off to college by default. Having said that nobody is disputing that college can be a great way to build that portfolio and learn things at the same time! The paper itself just doesn't seem to be as important as it used to be anymore.
I don't think this is really the case anymore. I work at a largeish game dev company and know quite a few people (coworkers and just other developers working for other companies) who have no degree and no trouble finding jobs. Admittedly this is purely from personal observation specifically in game dev, but it doesn't seem like my degree-less friends get any fewer recruitment offers or advancement opportunities than friends who went to college.