First, just in time manufacturing has the noted weakness of having no slack or resilience in the system. This is part of why we experienced supply chain disruption during the pandemic.
Second, it is assuming that knowledge that's not being 'used' right now in production environment is useless.
For example, the way people avoid scam and snake-oil medicine is not by directly knowing every single piece of science but having a broad knowledge enough of the world to know that it's probably scammy. I don't need to know much about virology to understand that drinking bleach is probably a bad idea for fighting viral infection.
Third, most of what he's going to read is probably not real knowledge, or difficult to obtain unless experienced or acquired directly. Some things you can only learn via doing. Some things you can only learn through systemized research. How many of these books about entrepeneurship only apply to their specific situation, or specific context? How many are simply scam?
What I think is helpful, however, is to cultivate curiosity about the world, in all things that you can. It's probably helpful to your career if you focus your curiosity on specific things you need to do, but that's not the only thing worth learning. I think I want to focus on things that make me a better engineer and build a successful business, so maybe 60-70% for that, and the rest for play and passion and just love of learning.
Edit: added a missing no as pointed out by someone.