Bryan Caplan's "The Case Against Education" is a great book about these questions. It might help the OP decide whether more school is worthwhile. It also has good arguments against "more school" for society, if you're into that sort of thing.
Bryan Caplan's "The Case Against Education" is a great book about these questions. It might help the OP decide whether more school is worthwhile. It also has good arguments against "more school" for society, if you're into that sort of thing.
In addition, the labor market views degrees in terms of supply and demand. The number of degrees issued in the U.S. alone has nearly doubled over the past 30 years. The globalized labor market also means employers have access to individuals who have had bachelor's degrees issued anywhere in the world. 30 years ago there were less than 1 million graduates from Chinese universities per year compared with over 8 million per year now. India has seen a similar change. There has been a substantial increase in the number of degrees issued in other countries as well.
Realistically, the supply of individuals with degrees may have increased 5 fold or more over the past 30 years, whereas the inflation-adjusted global GDP has slightly more than doubled over the same time period and the population has grown by about +1/2 times.
It is surprisingly easy to find freshly graduated engineers and computer scientists who cannot get an entry-level job in their field.
There was a time in recent memory when that would have been true.
Even an advanced technical degree from a top university can result in lower cumulative earnings when compared to the equivalent number of years of work experience; Simple supply and demand economics combined with the erosion of educational standards.