Reality check... Best paycheck or earned by those with both degrees, and highly skilled experience. Sure there are some one offs here and there, but having a degree means tow things, you realized having one would better your life, and two, you've the ability to learn.
I think it's sad when people don't realize from the get go a degree is a show stopper. We aren't flying dirigibles any longer. If you want to be treated like and executive, paid like an executive then you should to attain the education of an executive.
In a sense I agree with your post, college degree is not much without experience. That is why 47% of the recent college grads are working at places like Enterprise, Starbucks and host of other high school diploma knowledge level jobs. Then to top that off they have an average of $30K of college loan debt. They cannot buy houses, there dragging down the entry level housing market. Yet people without degrees but experience in areas of market demand are finding good paying jobs. Think Welding, auto-mechanic, Nuclear Power Plant operators
Many College degrees are not preparing these indebted students with skills to get a good job.
An article in the WSJ from the 5th largest employment agency in the country.
"Another big hurdle is the widening skills deficit. At any given time, Mr. Funk says, Express has as many as 20,000 jobs the company can't fill because workers don't have the skills required. His advice to young people who are looking for a solid career is to get training in accounting (thanks to Dodd-Frank's huge expansion of paperwork), information technology, manufacturing-robotics programming, welding and engineering. He's mystified why Express has so much trouble filling thousands of information-technology jobs when so many young, working-age adults are computer literate.
He blames public schools and universities for the skills mismatch. Young people looking for a financially secure future might want to heed one of his favorite pieces of cautionary advice:
"If you've got a college degree in psych, poly-sci or sociology, sorry, I can't help you find a job." He urges greater emphasis on vocational and practical skills training in schools, universities and junior colleges."
People are graduating from college with no marketable skills, yet 1,000's of good paying jobs go unfilled because no one has the skills. This fits right in with what I have saying for year, the purpose of advanced education is to give you skills that lead to a good paying job that is in demand. Well except when it comes to flying an airplane where the college degree has nothing to do with the skill set needed for the job, it is only a screening method used by uninformed HR departments.
here is link to the entire article
http://online.wsj.com/article/SB10001424127887324492604579087044033601178.html
BTW: My Mom had 15 grandchildren, all have college degrees, except two. Those two are the highest paid of her grandchildren Skills they learned in the militarty, a pilot and an ATC.