I think there is often a lot of misunderstanding about what the purpose of education is and what part it plays in later career success.
Time and again you will find some article about' how I left school at 16 and now I run my own business and am really rich'. as if to run a business( and be really rich) you needed a degree .
There is an element of this in the thread on whether we passed the 11 plus or not with people saying that despite failing the 11 plus they still went to university and as if you had to pass the 11 plus to get to university.
I blame a lot of this on Tony Blair. When I left school in 1961 (and went to university) there were many and various ways of getting into all the different professions. The basic education needed to become a solicitor or Chartered Accountant then was 3 O levels. Yo could enter at A level and degree level. The more qualifications you started with, the shorter your training and fewer the exams you took.
Tony Blair's obsession with getting 50% of all children to university (why? i could never work out) meant that accountancy and law all became graduate professions and the alternative routes were all blocked off.
In the days of maintenance grants and government paid fees. If a course was a degree course, degree courses qualified for this and non-degrees didn't, so more and more institutions made their courses into degrees.
I would like to see the university sector cut right back to teaching just academic subjects, as they used to, and the return of the polytechnics, offering a wide variety of different courses at different levels leading to entry to even the top professions like law. In other words back to the better fairer system we used to have.
There will always be jobs where a high knowledge level is required and a degree level eductaion is required, but it does not follow that they are the key for running a business or making a lot of money.
My solicitor friend has retired on a pension, well in excess of what I have ever earned. She has no degree, I have 2 degrees for work and one for pleasure. I was well paid and reached reasonable seniority, and have an occupational pension, but compare with her I am an also run. Does it matter?
My best friend at school, fed up with school at 16, left, did a secretarial course, and because she was really very clever and smart by 20 she was secretary to the Director of a big international company and more or less at the top of her career aspirations. She sat down and thought and took her handful of O levels to a solicitors and got a job as articled clerk, essentially as an apprentice. 6 years, and 5 exams later, she was a fully qualified solicitor as well trained as law graduate whose apprenticeship was much shorter. When it became possible for solicitors to become judges, she was seleccted to become a judge, and rose to the top of the profession