Companies who have gatekeepers that bias toward (or away from) certain groups of people will tend to perform more poorly than peer companies that don't. They wi

Companies who have gatekeepers that bias toward (or away from) certain groups of people will tend to perform more poorly than peer companies that don't. They will pay more for similar performance, or fail to hire better qualified candidates. This is not perfect, and takes a lot of time to play out - but it does play out eventually. Sometimes you have to wait for those gatekeepers to retire, so it might take a generation, but it will happen over time. Sometimes it can happen much more rapidly due to innovation and new industries replacing old very quickly. In the meantime, focusing on acquiring useful skills as cheaply and efficiently as possible is a winning proposition. Much more likely to be winning than spending a whole bunch more money on a less valuable educational product.