In high school, I worked in a library for about min wage + 40% or so. 5 years later, I got turned down for a position with the same township, paying barely above min wage, but they decided to "go with someone with tree-planting experience." The point is, the tagline for higher education has always been "Get a degree, get a better job - people with a college education earn X more in their lifetime" etc.
If college was free, it would be one thing. But it's not. And the truth is, I now have around 15k in student loans, and I'm begging and pleading for jobs that I could have done when I was 16 - and I'm losing those jobs to people with work experience that they got while I was off getting a piece of paper that seems to make me a liability.
Now we're coming back with a newfound respect for the people who were smart enough to see through that load. A high school buddy of mine just got out of the SEAL program and has been unemployed for six months. We're the prodigal sons of the working world, but nobody slaughters the fattened calf when we come crawling back.