Education makes a person better; that's very basic. However, getting a degree means you add another layer of knowledge, which can give you a better advantage over your competitors who don't have a degree. However, do consider the country you are living in, as the economy of a country can significantly affect how valuable your degree is.
For example, if you are living in a poor country, it's presumed that the unemployment rate is high. Even worse is if underemployment is also prevalent, as this would make your degree less valuable due to few jobs created but many people with degrees looking for employment.
Based on my personal experience, I find it more ideal to start a business than to look for a job due to the income difference, though the former may seem riskier. On the other hand, if you still want to use your degree, it's better to go overseas and work in countries where salary rates are good, so at least you can be justified for the hard work you put into earning your degree.
You appear to believe that a degree is only a "extra layer" of education. Cute. There is more to a degree than just a piece of paper. It serves as proof of one's dedication, discipline, and perseverance.
I don't know if what I said was the proper term, but I just want to emphasize based on the situation of OP where he lives in a country where the salaries are not good. For me, having a degree gives you an edge over others who don't, but it still does not give you the satisfaction of earning because the overall economy of the nation is struggling.
You can be a doctor in a poor country, but you are earning just like a janitor in a rich country. That's simply what I'm trying to say.
How does a nation's economy impact the worth of a degree, then? Okay, that makes sense. What if earning a degree has benefits that goes beyond finding employment? What if the goal is to advance personally, network, and broaden one's outlook?
I was referring to the value of money or salary when I said 'worth' because the topic was about money earned as a salary. In terms of the purpose served, of course, a degree holder can do the job, but the salary is not worth it.
Creating a company rather than hunting for employment? Yes, if you have the resources, the concept, and the guts. Keep in mind, though, that not everyone is made out for the world of entrepreneurship. Going abroad, too? It is not an easy task. There are many difficulties associated with moving abroad, including culture shock, homesickness, and settling in. However, if you believe you have it figured out, then by all means, bravo.
When you are planning to create a company or start a business, which is specifically what I said, it doesn't require a lot of money. Anyone can do it from the very beginning with a small capital. I'm suggesting to be more practical and forget about a degree when you are still complaining about what you earn or if you see that businessmen earn more money compared to people who are employed.