Underrated point. Weird to see how in HN, the bastion of self-taught hackers, autodidact polymaths, and people who think secondary education is a waste of time and money, try to argue in favor of the entrenched credentialist power of universities.
There’s not a scarcity of education. Anyone is free to attend community college with guaranteed transfer to a larger state university provided they meet their GPA requirements.
EDIT: I do agree with you about employers overvaluing credentials though. Ultimately that’s not something you can unilaterally remove in a free society.