In many cases, it's not so much the education but the connections you make while being educated. My son is finding this out after joining a fraternity, and seeing how the alumni often help out new members with internships and introductions to powerful people. It's not particularly fair but that's just how it works. If two people with the same skills compete for a job, the one with the most education has the advantage. That gets you in the door, but I agree that a person's track record on the job should determine their pay more than anything else.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma