This isn't quite right. People are paid such that the amount is enough to attract needed workers and less than the value those workers provide. Education isn't

This isn't quite right. People are paid such that the amount is enough to attract needed workers and less than the value those workers provide. Education isn't a critical factor except that it enables people to be more productive and therefore more desirable to employers. As an example: a middle school dropout who self learned machine learning, became a master, published papers, worked at a successful startup etc, will likely be better paid than your average History PhD.