This is a bit short sighted. Not all university studies are for fundamental science (law, for instance). Some university studies need to work together with industry (again, law. or some physics studies).
Next to that, even for studies that do fundamental research (mathematics), a lot of people attend university for it’s job prospects. For instance, if you want to become an actuary - having done mathematics as a degree will help.
My point being, a large part of university studies and their students are there to “Prepare for the workforce”. I don’t think you can do without that. Fundamental research is not some fantasy world that can do without industry or other things developed by the outside world.