It depends how you define the objective. If you've earnt the right to tell your golf buddies that your son or daughter is now a qualified pilot then many people consider that money well spent, irrespective of their likely career prospects.
Notice how this site has ads down the side for sunglasses that make you look like Mr Cool. For many that's their objective when they go into it - an eventual job flying a plane is a happy coincidence.
I often wonder how different this industry would be if, instead of wearing white shirt'n'tie with epaulettes, pilots were made to wear blue boilersuits and protective eyewear (the kind you have to wear in school chemistry).
The integrated school I'm associated with isn't having any problem getting bums on seats.