Personally, I think the degree issue comes down to intelligence. If you are smart enough to USE a degree then you should get one, if not then it is probably a waste of time and money to get one. In
@bwarbiany 's example, his wife's degrees are useless to her job but they probably helped get her in the door and she is smart enough to do college grad level work so it is worth it to her. However, if you get a degree in Art History then end up serving coffee at Starbucks . . . Well, you could have served coffee without spending four years getting a worthless degree and you would have some major advantages:
- Four years more experience
- No College Debt
I think the cutoff for whether or not a degree is worthwhile is around the top third in IQ. Here is a link to BLS showing educational attainment of the US workforce (I am reading from a graph and guessing the approximate percentages:
- 27% Associates Degree or "Some College"
- 26% HS Graduate, no college
- 25% Bachelor's Degree only
- 14% Advanced Degree
- 8% Less than HS Diploma
As you can see the current US workforce has a total of almost 40% with at least a college degree so my one third above may be a touch low, perhaps it really is top 40% or perhaps a big chunk of those with Bachelor's degrees are working at Starbucks, I don't know.
Top quartile is an IQ of approximately 110+ while top third is an IQ of approximately 107+ and top 40% is an IQ of approximately 104. My theory is that if your IQ is <104 then a degree will not be useful to you and if you are above 109 then it will. If you are in the range of about 104-109 then it is probably close to a coin-flip.
As a country we should be sending all HS graduates with IQ of 110+ to college and not sending any HS graduates with an IQ of <104. This idea would NEVER pass, but if you were going to make college free I would advocate for limiting that to those with an IQ of 110+ because it is probably a waste of money for those below there.