If we could get rid of regulations involving employment, we might at least encourage high school students to seek an apprenticeship with a company in a field they are interested in.
Think about it. Instead of wasting tens of thousands on a college education which provides no real employment experience, kids can pay a company 5K to work alongside people that they aspire to be. Sure, they would probably do a lot of bitch-work, but just seeing what goes on first hand and understanding the REAL skills necessary to be a successful employee is much more helpful than going to 50min lectures given by a professor that only knows what goes on in the academic world.
Oh, and professors give themselves way too much credit.