Anyone that’s still bent on persuing a higher degree is a Useful Idiot unless they’re learning a trade. I’ll even throw lawyers in there for good measure, LOL!
Hate to say it, but you're right. At the risk of being called a useful idiot, I went back to school in my early to mid forties to complete a BA and then a Masters Degree.
I should've stopped at the BA. The extra expense that I paid out of my own pocket to earn my Masters has not translated to higher earning potential in my field. In fact, if I were to lose my job today I'd probably have to hide the fact I have a Masters to be considered for a position in my field. As I've been "passively" looking the last year, I've heard "over-qualified" enough times to know it's time to dumb-down my resume.
I can remember a time in our economy when having a college degree or a Masters was a virtual guarantee of employment. Not so much anymore.