In Switzerland this is an important part of our lifestyle. There is a whole branch of higher level education programs up to Bologna master level ready for those graduating from apprenticeship. There are also bridges across to academic path, so you can start working at 16 and yet still go on e.g. to ETH Zurich (a top 20 ranked university) at 20, although you‘re statistically less likely to succeed there.
But for me as a dad it mainly means I don’t have to worry too much. I can send my kids to free public school (which is most desireable anyway) and if they don’t have good grades they can still succeed later in life. Almost noone gets left behind that goes through the Swiss system, they almost all earn median-or-above salaries at 25 (~72k).