Further to my post yesterday, considering whether the financial cost of a law degree will pay off, the economists at Worthwhile Canadian Initiative have analyzed the return on investment for a post-secondary education. In short, unless you are a woman living in France, the cost of a university education will pay off, on average.
It's easier to calculate ROI in aggregate for a whole country, since you can work with averages. There's a high deviation in the numbers though - some people will get paid hundreds of thousands, while someone else with the same degree will struggle to find a job that breaks $40k. So on an individual level it's hard to say what kind of return we'll get.
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