College grads still make on average roughly 2x what high school grads make, so yes, so college is worth it in an economic sense. Yes, some majors are more lucrative than others, yes you can screw up anything, but in aggregate and on average, it will ~double your income.

But economics/capitalism is only one lens through which to look at this. College is NOT vocational training. You don't go to college to become more useful to your overlords. Ideally, after college you would be useless to overlords.