I've had my sight on returning to school to finish my education, so I took an intensive program last spring with an agency (Canada-wide) that helped me look at what career direction I could take, based on my previous experience, education and aptitudes. There was lots of homework and tests, and hours spent with a career counsellor. I was lucky to get into it for free.
They also helped me research (through the gov't and other websites) to see what careers are predicted to have jobs available for the next decade or so. Ultimately, the field that I was already interested in proved to be the one that the testing and counsellor felt would be the best. I can either attend a Community College (2 years) or obtain a BFA (4-5 years), but with my experience and considering the field, I would be best served to take the CC. The difference in cost is incredible. CC = about $12K and 2 years,, Uni = about $100K and 4/5 years, with the earning potential about the same.
One of the things they said was precisely what QB is talking about. Here in Canada, at least, many people with degrees are working at fast food and retail at this time, because there just aren't enough jobs out there. The trades are expected to be the best place to find a job in the near future (electrician, plumber, etc.), because even now, there is a shortage of workers.
Anyone choosing university needs to choose carefully, and look at predictors for future job opportunities. Even though, the future is not guaranteed. For decades, Canada has had a 'brain drain' to the USA. Many of our best and brightest are moving south of the border, because of the greater job opportunities (makes sense, as we are about 1/10th the population). It's not supposed to get any better.
One thing to look at, is taking a degree that requires a semester working as an intern. If you are excelling, chances are you may get hired at the firm where you do your work practicuum (sp?). Social work is one of the few fields that is expected to expand. And Engineering is always a field that is promising.
The 80s are over. Jobs have been on a steady decline for over 20 years now, and to repeat, many ppl with higher education cannot find work in their fields, simply because of job scarcity.
Here's an example: The telephone company (here in my province) used to employ over 4,000 people when I worked in their legal dept. Now, they have less than 1,500. Outsourcing of service jobs (technical and administrative) means less management, which means less jobs for college grads.
The federal and provincial governments have and are still scaling way back on their employees, and that door of opportunity has been slowly drawing shut for quite some time now.
I would be a professional student for the rest of my life if that were feasible, just saying --- I love to learn! and value education for the love of learning.
The choice between university and trades must be weighed carefully in this economic/political climate. There are no longer any guarantees of a job, anywhere.
just my 2
tal