Sorry, where's the socialist perspective?
Anyways, the idea that university is only for the sake of improving one's eventual salary is bull crap in my opinion. I'm incredibly biased, of course - I'm a history major that will likely never make a good wage - but I still think it's crap. Maybe it isn't the same for someone taking science or commerce courses, but my eventual salary, or lack thereof, can never take away from what I've learned studying history. It has been instrumental in getting me where I am today on my intellectual journey, corny as that sounds. The way in which I see the world I owe in no small part to what I've learned by going to university and in the end, that's all that matters to me.
But yes, these things can be learned elsewhere. There's certainly no objective proper way to move in one's intellectual journey, so university isn't a necessity, but it is an opportunity to be exposed to other viewpoints and worldviews. That's its most important contribution to one's life, I think, not improving the prospects of one's future salary. Granted, the comfortable middle class kid may change his tune when faced with actual financial responsibilities, but I don't think I'll ever regret it.
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