Yup! Although not all people will get the chance to go through higher education, it is important that most of us do. Other than the usual reasons such as having more knowledge, wiser, and etc., it keeps the world balanced in some way.

Professionals, bosses, inventors, scientists, artists: most of them in these times are highly educated. There are those who dont go to college anymore and pursue a vocational course or just immediately get a job after high school, and these are good too. It balances out everything. If everyone were highly educated and academics, then there would be no manual laborers and workers. If no one went to college, then vice versa.