Sure, but training them for an economically viable life is certainly higher priority than a so-called well-rounded education.
For a BA, MA, etc, the goal shouldn't be a job, but the pursuit of knowledge. Part of that is the value in knowledge itself, but it also gives you a broader skill set that can be applied to many kinds of jobs, where a technical degree is much more specialized.
On the other hand the public has an interest in liberally educated neighbors and voters.