I tend to dislike higher education as a general rule because it's more a process of fitting in and obeying a teacher, instead of focusing on the subject matter. I don't care that much actually because I know I'm already skilled at programming. I might not be an excellent programmer, but I can do a lot of what's required.
While education is important, I have put a lot of personal time to learn more and more programming skills after the year I failed one, 8 year ago. Yet the job market is constantly focused on "the degree", while everybody knows that self-teaching is more important in programming. I don't get hired and it's always a matter of trusting a new guy who doesn't have professional experience and can only talk about his skills.
Personally I don't have a lot of faith into the market and the market doesn't have faith in me. So yes, I have plenty of reasons to say that people going into higher education are lucky, privileged or just obedient people who are not yet capable of learning new things, or did not have to waste so much resources to learn things they could do at home.
In the end, you will either have large companies with normative, schooled people, or start ups, who will always struggle to start products because they have no resources.
I'd say that higher education can be bad because normalization slow downs innovation, so in the end, degrees become privileges. People who are taught skills but don't use them to improve society and constantly encourage obedience are a brake on society. In an age of inequality, degrees are seen as rent seeking. People get degrees for comfort. Other people won't seek degrees because they don't want to obey to a system they see as lame and evil.