These are completely different markets. The majority of car consumers just want reliable transportation; the car is essentially a commodity. If Japanese cars are of higher quality, people will buy them instead of American cars. With university degrees, quality of education is second and prestige is first in importance. These are correlated but not always the same, and this is one of the reasons why academia is not vu…
This can change quickly. American cars in the 60'ies were not commodities, design was much more important back then. There is nothing intrinsic in education which makes the university's prestige the most important. Look outside USA, e.g. at northern Europe where the prestige of the university is not important, but the grades and (esp.) the person are. For some professions the university and grades is all that's consi…
In many small programming shops I know of, whether or not you even have a degree is irrelevant for pretty much this exact reason. A healthy GitHub portfolio & a blog with some reasonably insightful articles > any CS degree you can name (including MIT).
If a 16-year-old asked you, sincerely, what the best past forward for a programmer was for them, would you unhesitatingly recommend uni? I have my doubts.
I have felt for some time that the best education in CS is a macbook pro and a 2 year backpacking holiday and this conviction is only growing over time.