I never went to uni and at the time I left school, most didn't. My sister has had a very successful teaching career, in the UK, Hong Kong and Australia. She went to a teachers training college, which no longer exist. Recently she was contacted and told her generation were all going to be awarded honorary degrees, because at the time, when they completed their training, degrees weren't awarded.
I used to interview for posts in the team I managed as part of a 2/3 strong interview panel, eventually this was delegated, to a degree, to my managers for them to have sole responsibility to recruit the staff they were going to manage. The real reason for this delegation was that I used to find the process so depressing. I now have a hate of any of any degree which ends in the word, 'studies'!
We used a lot of scenario type questions, requiring the candidates to actually think about how they would apply themselves in certain situations, in many cases, with all these bright young things coming straight out of uni, we might as well have been asking how long it would take them to walk to the moon. So many just seemed vacant, completely empty where it matters, despite having a detailed overview about the nature of our work and a job description and spec.
To be honest, whatever degree they had wasn't important, it wasn't even a requirement, although a knowledge of law was helpful, it was just that almost all candidates of a certain age had been to uni and quite frankly, 90% of them were a waste of time.
So based on my experiences, I'm all for bringing back alternatives to attending uni as some sort of catch all.