I have a different view from a developing country.
Those were great ideals and pristine origins of schooling. But somewhere post-industrialization, schooling turned into training camps that would suck away the youth from their families, villages and rural professions, into work that would power the clerical and factory jobs. It was called nation building, economy work, office work, machine work, transport work etc. But the effect was, villages and families were broken.
The nation building happened at the cost of family separation, uprooting of people and families from their native locations, suffering hectic work schedules in alien lands. That's the gift of schooling and higher education.
I have a cousin who escaped schooling when he was 8. He ran away from the town where he was put into school, walked 25 kilometers in the night to reach our village. He never went back to school. Looking back, I would rate his life quality and achievements far better that those of us who went through all the tough exams, roamed around the globe, worked too hard to be in the job etc. he doesn't know about internet, but his health and happiness are far superior due to sticking to his home and farm.