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(lemmy.blahaj.zone)
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The US education system was not designed to teach or educate, it was designed to make people blindly obedient and to never question authority while loosing all creativity and individuality. It was also designed when the US had a primarily industrial economy and was never updated.
CGPGrey likened it to a resume/CV to the world to basically say "I can function as a part of your world." If not why would the following be true:
Imagine two people, one with straight As and taking difficult courses, and one with average courses making Cs. The one with As drops out last year before graduating, but the other graduates. Which one is more likely to get hired? The one with a diploma.
It's both, and comes with a lot of historical baggage with systems slow to change. These arguments about the role of education are neither new nor were they settled decisively one way or another historically.