Universities still function if the aim is to increase knowledge and not just to pursue a degree and not just to pursue a job. Because if the goal is a job or making money then I think it would be better if someone spent their time building a business from a young age or developing skills that are needed today. The aim of universities or colleges has remained the same since the past, namely to make people who enter there educated and also have broad insight. But they don't promise a good future and job. About studying at university to get a good job is just a growing assumption. Which makes it a habit and they forget the function of higher education itself.

Many in my country have bachelor's degrees but they don't work according to the degree they have. And there are even many people who manage to become successful or rich people but they don't graduate from college. So yeah if you are relying on a college degree and so on to expect a good job and make more money then I think that person is going the wrong way. Because if the goal is money from the start then it is better for him to use the capital he uses for school to build a business or business from the start. And look at the development in 4 years. However, if from the start someone enters college with the aim of expanding their insight and increasing the knowledge they will use to live in society and to achieve their dreams which require insight from a particular major then they are on the right track. And people like this will usually be successful in the end.