How much time of a traditional 4 year college is spent on skills that a grad would actually need or use? A lot of it is just archaic legacy.
I thought it was moe that universities are meant to promote general enlightenment as much as (or, primarily rather than) useful trade skills. With a fair bit of confusion coming in where some skills (engineering, S/W development) depend heavily on (parts of) said enlightenment (math, how people think).
That was always a big argument when I was in and around a university computer science department: how much time you spend on "general enlightenment" topics like linear algebra and how much to spend on specific, valuable skills, like x86 assembly.
To understand the cost of education argument, notice the catch lies here: "teaching students skills that are directly related to job requirements." How much time of a traditional 4 year college is spent on skills that a grad would actually need or use? A lot of it is just archaic legacy. If you take those out, then the cost of education might actually compare favorably for bootcamps.
An additional (or alternate perspective) is that bootcamps are a supplement to, rather than a replacement for traditional education. Bootcamps teach hard job skills, whereas college teaches soft & social skills. Either way, they are a welcome addition!