It depends on a lot of course, but I know a few non college graduates who own their own blue collar business, making great money and deriving a lot of satisfaction from the craftsmanship and leadership of the workers they hire.

See any interview with Mike Rowe. The disdain for blue collar work is part of the scam, this myth that only a college degree will enable career success (always accompanied by a lot of debt to cover costs that increase by three times the inflation rate every year...but hey how else will you be able to build a rock climbing wall and pay a hefty sum to the newly minted "Vice Chancellor for Diversity.")

Hey I am a college grad, as nearly all of us on this forum are. I love college and a lot of what it offers. In many fields it truly is the necessary first step to a broader career. However I feel that many universities have lost their way (NOT teaching undergrads is sometimes an advertised perk when colleges get into bidding wars for elite faculty...huh?). And college, especially immediately after high school graduation, is not for everyone.