Why is that? Would you like to run a company that employed mostly uneducated people? More over, would you like to be part of an economy where most available goods/services were the product of unskilled labor? What about shopping around amongst an appalling number of undifferentiated providers?

The "we educate entrepreneurs" is an abdication of the higher education establishment's mission. It profits by producing a bunch of graduates without regards for the needs of society. This includes not only the contents of the curriculum, but the yearly amount of graduates as well. It is a bubble in the making, or so it seems.