Is a Degree Still Worth Having?

George asks the right question and links to an interesting article from the BBC: Is a Degree Still Worth Having?. An insight from the UK that applies equally well over here:

"The report found that the real skills shortage was not for degree-qualified workers but for skilled technicians in construction, engineering and information technology. It criticised the government's target of 50% of young people going to university as 'arbitrary' and said it reflected the needs of neither the economy nor young people."

Doug often wades into this one and he wrote eloquently about the same topic this week:

"The status of any given educational credental provides little value when it's in abundant supply. There are an increasing number of highly educated, debt-laden, unemployed young people who are quite unhappy with those of us who implied that a college degree was a ticket to a healthy, self-reliant life. Those days are gone."

I know, I'm starting to sound like a broken record on this stuff.