Getting a job or going for a higher degree

The twenties are a time in a young person's life where decision making is no longer what will I wear when I go out to the bar. At least as a post graduate. Now the big world is glaring down at you, tapping its fingers, waiting to see what move you will make next. Actually, you should feel lucky if the big world is looking at you at all because, let's face it, there are hundreds of thousands of other twenty something post grads trying to find that perfect job so that we can feel secure about a happy and stable future. And also so we can get out of our parent's house.
Being ignored while looking for a job is frustrating and a bit frightening. One starts to think "What does it take to land that job I imagined while in college?" The degree is there, the resume looks nice, my professional interview out fit is ironed, why is it that no employer shows any interest?
It should be understood by any college grad who is job searching that it does takes more than a glossy resume and proof you pulled yourself to class. Employers see so many applicants, they want someone who stands out. Experience is a golden ticket, depending how much is under the belt. Employers know they only teach so much in undergrad school and nothing compares to what you learn in the field. But the problem is, how do you get into that field?
One option, maybe, would be to return to school and get a higher degree. This way, you are returning to a community of committed learners with prospects of advanced careers. It sounds very nice and all but lets not forget college means more time and money and we all know that cannot be wasted.
I was told the other day that going back to school is a delay. Well, getting a low paying job that discourages instead of enhances you seems like a delay in happiness.