That sounds good in writing, but it doesn’t seem to work in real life for some reason.
Two of the cities I’ve lived in have been places with several large businesses focused on a single non-factory industry. They could never get enough workers, so demand for labor was high and because of that so were wages.
The prevailing attitude among the very local teens (2nd generation plus) was “Why should I go to college when I can make $xx/hour working in the industry?”
Their parents also worked in the industry and thus didn’t push their children to go to college.
The mentality is so pervasive that at a community event I saw an industry table set up with a big banner reading “Why you don’t need college,” and nobody else thought that was odd.
The result is that most of the locals are pretty dumb. They make poor decisions in their personal lives, which has an impact on the entire city, it’s policing policies and it’s healthcare system.
Non-industry businesses are reluctant to move to those cities because they can’t find educated workers, so the economy can’t diversify.
I saw a tech startup hiring people straight out of high school simply because that’s all it could find. Not surprisingly, the company failed in under a year.
It’s a shame that college is so expensive, and there should be a way to fix that. But in my experience, employers wanting degrees helps society ad a whole because it encourages more people to seek higher education who would otherwise be complacent.