Yes and no.... I actually do think that a true education of some marketable skill is very good to have, but I also think at the same time our society has put too much emphasis on getting a "college education". Students may graduate from college with some flimsy degree (eg underwater basket-weaving) but if it doesn't prepare that student for the real world, then they'd probably would have been better off without that degree. Personally if I were an employer for some business, I'd rather hire someone that had a 2-year associates in computer science than a person with a 4-year bachelors in philosophy from a liberal arts program. The person with the associate's degree at least knew enough of what they wanted to do, and so chose the education that was more pertinent with eventual career goals. I also think that too often "getting a good education" is synonymous with "getting a degree and doing well on tests". Education is the process of learning about some interest that the person finds fascinating and what to delve into a deeper understanding. But throughout high school and college, so much pressure was put on doing well on tests that it was common to hear students ask whether a certain section was going to be on the test (meaning if it's not on the test, then I'm not going to bother studying it). I was really disgusted / dismayed when I heard the same thing in grad. school. By the time a person is in a graduate degree program, they should have really determined that this an area that has a lot of interest for them. instead of asking whether something was going to be on a test, I would've expected a question as to what journal that study came out of so that I can read more on the topic.
So actually I feel that education is just like any other tool... It is very important if handled correctly, but could also be about as worthless as using a hammer to turn a screw.