There's an upside of conventional education which no-one on any side of any debate ever seems to bring up, but which was a major benefit (possibly the major benefit) of my post-primary studies. Namely: it lets students discover what they have a natural aptitude for (or lack thereof) relative to a representative peer group. The most valuable things I learned in my Engineering courses at university were:
.I'm pretty mediocre at Engineering, especially sub-subjects which aren't strictly Structural and/or Mechanical.
.In particular, I'm significantly worse than the average would-be Engineer at working with electronics, so I should change my plans to specialize in that field.
.Conversely, I'm significantly better than the average would-be Engineer at work involving code, money, probability, simulation and inference. (Learning this is a large part of why I eventually left Engineering for Data Science and Finance.)
Findings like this aren't perfect since they can give false negatives (a poorly-taught course can lead someone to conclude they don't like the subject when they actually don't like the teacher) and false positives (my initial showing at coding courses made me think I had a genius-level talent for programming; turns out I actually just have a genius-level talent for beginner programming, and much of my lead evaporates when doing anything nontrivial); also, there's no hard reason they can't also be found in the workforce (if people joined companies at the same time as two dozen similarly-aged and -educated peers with whom they were frequently compared, they'd get this benefit while being paid[1]). Still, I think it's an undervalued and underdiscussed output of our current educational paradigm.
Soldiers get this, but I'm not thinking of that kind of company.
Lower switching costs when you're in the middle of a degree, maybe? You can just take courses in a closely related domain, or work as an assistant in a different lab, in a much more fluid and straightforward manner, versus having to apply to a different job and get through the interviews and pay a significant upfront cost before you even get to the nuts and bolts of stuff.