College serves multiple purposes at this juncture.
First, it imposes high entry fees on more & more increasingly scarce positions that also provide less ability to pay those fees. It reinforces wage slavery even in the face of fewer decent paying wage slave jobs.
Second, it parks young people in the education system rather than having them participate in the work force. That's because the Job Creators aren't, you know, creating enough jobs. Offshoring & automation have eliminated the need for them to do that to make money.
It supports & creates the illusion that there will be enough jobs somewhere down the road, too. There won't be, certainly not in sufficient numbers to carry our protestant work ethic headset & distribution system forward.
Yes, we are reaping the benefits of automation, no doubt, but we can't seem to figure out how to spread that around the same way we could with the plentiful jobs/ work/ growth model of the decades following WW2. That's what we need to figure out, & right wing headsets sure as Hell can't accomplish that.