According to the OECD, New Zealanders waste a lot of time and money on tertiary education. They are right. Formal education can give graduates the skills and a framework for a career. For those who wish to put a dent in the universe and have creativity, talent and self-confidence, the lack of a degree is no barrier.
I am not one of those people. I failed at my first attempt to get a degree and my inadequacy led me to a career in what polite society refer to as the informal economy.
When it was time to play the role of the prodigal son I began by completing an economics degree before stepping reluctantly into the rat-race. Funnily enough, I have proved to be a very adept rat.
That degree paved the way for me to reintegrate and some of the concepts have proved handy but there is nothing tangible in what I learned that has made me any money.
Rather, graduating proved to myself and anyone else who was interested that I possessed the ability to complete a degree. This is the single biggest value in tertiary education - it is a proxy for talent.