I think it depends on how you look at it. As others have said, having a degree is often appreciated in itself and many historians who don't teach find work in fields not directly related to history (but still more academic than driving a taxi). Being able to put into words what kind of skills you degree gives you and some work experience other than studying does help.

If you're looking for something related to your field that's not teaching (whatever that means), it's probably a little more difficult to find a good job. At least in Norway, there aren't tons of academic jobs in history, or jobs in museums and archives or whatever qualifies as a field related to history. Many people start with slightly underpaid, part-time or or temporary jobs. It probably depends on what you consider a good, well paid job and what you focus on.

I have a bachelor's in cultural history and a master's in museology and I got a well-paid but temporary job in public administration that was not related to my field at all right after I finished studying. They wanted to keep me permanently, but I wanted to try museum work and the degree and the experience from the unrelated job got me a not-quite-so-well paid and equally temporary job doing archive-stuff in a museum. I earn less than my partner who works in STEM, but it's more than enough to live and I enjoy the work. If I later find out I need something more permanent, I guess I can still go back to public administration.