Is organized higher education still relevant?

Has higher education gone the way of the Vhs and the cassete tape? I'm starting to see cracks in the assumption that higher education equates to higher wages. It's seems to the Relevant Ninja that academia is selling the average ninja the proverbial bill of goods.Who is this education pimp selling worthless degrees like 2 dolla hoes? Is education still the path to financial independence and political empowerment?