THe majority of university courses don't require one to be in the environment - e.g. medicine does in contrast.
Employers frankly don't care about that - what they care about is 'are you going to be productive?'. Therefore what Universities have failed to understand is that students don't even care about the experience anymore - they want confidence that by the time they are 21 they will be employable.
Essentially what I'm pointing at - that you are missing - is that the University system is one-dimensional whilst not addressing the issues re. the bridge to the labour market and what employers demand. Something else, something much better is necessary that re-organises and disrupts the existing university model. I actually have a solution in mind, however, it's going to cause so many prof's who just collect a pay-cheque to lose their job that it'll cause a riot so I don't see people willing to push it through.
FYI I have spoken to many CEO's across a myriad of firms of varying complexities and sizes - they all fall on the same conclusions as I've stated. They simply do not care and want people who will be productive, particularly in-line with specifics of what the job entails, from day one. There is very little patience and resource allocated towards training anymore than years-past.