I understand the importance of degrees in the job market, but there are millions of older Americans who "did everything right" and got the degrees, but might have gotten laid off, and are now jobless or underemployed and can't get hired at a decent paying job because of a lack of marketable skills or because of their age. So the that fear is real and valid, as is the fear of the scenario that TJ posted. And as a black man, it will be harder than it is for any other group...just look at the unemployment stats.
As much as I hate school, I'm going to try to make time and go back, but I will not think that just because I have a degree or got off to a good start (which thankfully I have), that a decent job will always be there for me. For that would be a lie in a time when even civil service and transit workers are being laid off like crazy.
Yeah, only a fool would think that a degree guarantees a decent job forever.
And only a fool would believe that people with no degree are guaranteed a life of misery.
But I'll go back to this: no degree + no plan + no miracle = impending misery
degree + plan = a good chance and a head start.
Nowadays, bachelors degrees aren't even worth much. Years ago, they were saying that by 2015, a bachelors degree would be equivalent to a HS diploma, and we are just about there now. If you're 20-25, and you have a decent job ($40k with no spouse, kids) then I can see delaying school (but even then, I wouldn't recommend it. No spouse, no kids = the perfect time to get all the education you plan to get). You may work your way up into a good career and end up making more than your degree-holding classmates. But if you're 20-25 and you're earning $10-$12/hr with no real opportunity for advancement, you need to be in somebody's school.
I don't know ANY responsible adult who wouldn't encourage a young person in this day and age to go to school.