The first episode of HBO’s Silicon Valley features fictional billionaire Peter Gregory giving a TED talk on why college is worthless:

Old Man in Audience: The true value of a college education is intangible!

Peter Gregory: The true value of snake oil is intangible as well.

Of course, most people side with the old man in the clip, who exclaims to Gregory, “You are a dangerous man!” Except that the true value of a college education is tangible – the better educated you are, the more money you make, and the less likely you are unemployed. This relationship has held up well through recessions, wars, bad economies, good economies. Continue reading