Reverse argument, for context, I'm just about to graduate from a mediocre state university in the mid-west:
Not all of the young minds that are "learning to code" really have the potential to write programs at the same level as the average ValleyBoy RoR Jockey™ (or even the average casual Hacker News reading hobbyist coder). The number of students in my program that had massive interest in our numbers ( 100% placement with the highest average starting pay ) and almost zero interest in actually learning to code is frightening.
These students tend to slither through the technical classes with a lot of help from google and their friends, only to find themselves unable to compete for real developer positions and settling for the same 4x,xxx "business analyst" warm body jobs that seem to be the holy grail of the hoards of non-stem degree holders.
On the flip side, if you can actually get fizz buzz to compile and can stomach the idea of living in the midwest, prepare to be wined and dined by everyone under the sun.