If the bachelors degree is the new high school diploma?

[cannoda]

If the bachelors degree is the new high school diploma, do you think it really matters where you get it? (Exluding Ivy League, MIT, etc.)

For traditional college age students, yes.  While there will always be jobs where the employer just checks the degree box, most employers do have some perception of the "quality" of a school and uses such perceptions in decision-making.  I had some interesting (and colorful) conversations with my brother (a recruiter)  in past years on this issue.  Employers recruit at some schools and not at others for a reason.

I think it makes less of a difference for older, more established adults who have a record of achievement and/or a current employer that may take a chance on them for a promotion to an entry-level white collar job.