Is a College Education Worthwhile?

Estimates of a college education are being stated these days from about $800,000 to as much as $1 million. However, I find it’s more likely a fictitious figure, comparing what someone can earn over a lifetime with a college degree, as opposed to earnings of a laborer working at minimum wage for his or her whole life.

An assumption is made that all non-college jobs are non-skilled. Many skilled jobs that do not call for a college degree, such as electricians and plumbers, pay far better than college-bred positions.

Eliminate janitor-type jobs from the conventional comparisons, and the comparisons get completely skewed; college’s worth is over-valued.  (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter ).