It really depends on what you sorts of jobs you're talking about. There's a bunch of work available in the vast realm of "computer jobs" that are essentially on the intellectual level of plumbing or hvac repair and indeed, college is a waste of time for those sorts of jobs and boot camps are fine. I'm not denigrating it, that's mostly what I do. I wire together systems that other people mostly developed and do a bunch of troubleshooting and most of the value I bring is on-the-job experience with the systems involved.
There's also a lot of cutting edge R&D and dev work that does indeed benefit from an academic background, and you don't really have to look any further than open ai for that. But even outside of machine learning, a lot of people have built companies on taking academic research papers and turning them into products.