You said:
"The question is whether an individual with an education is more likely to prosper economically than one without in a technological society."
Do you think a person with proper education can prosper after the campus life in a highly technological world? Same question in terms of people who are poorly educated.
You have not paid attention to what I said.
First, I carefully limited myself to economic prosperity rather than to a more general evocation of a "good life." (See SK's response above.)
Second, I was discussing probabilities rather than certainties. People with virtually no education and little intelligence may have great financial success, particularly in sports or entertainment. However, if we take a random sample of 1000 people who never graduated from high school but have IQs over 140 and another random sample of 1000 people who graduated from Harvard Law and, on average, have the same IQ as the average for the first group, which group do you think would have, on average, higher income and higher net worth?
Third, I carefully distinguished between educated and credentialed. Having a degree in art history may very well be good for the soul. I wish that I had known of Hans Memling decades before I ever saw one of his pictures. But having such a degree does little to prepare you for succeeding economically in a technological world.
I went to Columbia back when it was still serious about a well rounded education. I am still convinced that such an education provides the best opportunity for a life that is fulfilling in many dimensions. I was forced to study classical music, European art, western ethical and political philosophy, foreign languages, and the canon of western literature in addition to pure mathematics and physical science. Not only do I view such an education as broadening the mind generally, but its breadth is an economic advantage that admittedly not everyone chooses to exploit because you have been trained to learn new things. I view with disgust universities changing themselves into trade schools and enclaves of dubious "social science." (I am not prejudiced against the social sciences when they are pursued rigorously and without ideological intent. I took several classes in sociology at Columbia when Daniel Bell, Amitai Etzioni, and C. Wright Mills were on the faculty. And I got my degree in history, which I consider a social science, and studied economics in graduate school.)
Do I think an education is necessary to be economically successful? No.
Do I think a serious, well-rounded education is more apt to lead to a fulfilling life? Yes.
Do I think a serious, well-rounded education is an economic advantage? Yes, but it may be a relatively small advantage.
Do I think being mathematically knowledgeable is a sizable economic advantage in a technological society? Yes indeed, but it is no guarantee.
Do I think degrees have any meaning? No, universities sell degrees like papal indulgences. When I was hiring people, I paid virtually no attention to what degrees they had been awarded. A marketing degree from West Virginia University says nothing about anyone's diligence, ethics, competence, collegiality, or intelligence. I hired a guy with a physics degree from Harvard. He was intelligent, abrasive, and unscrupulous. He soon left my employ.