The more college is shown to be failing the job market, the more I hear this argument.
Are people who don't go to college less enriched individuals?
Lately, academics seem to be shifting their value proposition to the instillation of this undetectable unmeasurable X-factor. We can't see it, we can't prove that it exists, but it's there, and its value is absolutely incalculable. How convenient for the sales pitch is this.
And I don't blame them. As knowledge and skills become accessible to everyone, that's the last defense they'll be left with. What else are they going to say? Our institution is completely out of touch with the job market and the economic realities of our nation, and this was all a complete waste of time?
Also, a lot of arguments in favor of college make the mistake of comparing it to nothing, and I think this argument is guilty of that.
I'll admit that college compares favorably to doing nothing, but people who skip college aren't just sitting alone in a room staring at a white wall while you're in your lectures. They have 1 year of life experiences for every 1 year of yours. Whatever it means to be an enriched individual, people who don't go to college can be just as enriched.
They can go live on their own too. They can take on responsibility, take on challenging work, have relationships, and most of them do. College was your path there and it worked well for you, and that's great. But I also agree with you that it's not ideal for everybody (or even for most people).