Education is both a signal to employers and an opportunity to build yourself as a person. For some it's mostly the former, for others the latter. It depends on

Education is both a signal to employers and an opportunity to build yourself as a person. For some it's mostly the former, for others the latter. It depends on the majors chosen and a bunch of other factors. The research in education is difficult to parse the individuals decision comes from which (some show that signalling does play a big part, though). My personal opinion is that, as more people get higher education, it becomes more of a signal -- the value of the signal of the degree is lessened, and by extension, the value of not having the degree is lessened even more. See the "Spence signalling model" for more on this. So you get dumbed down classes in the long run.