Getting an IQ test also informs the child that their "gifted", meaning that they are less likely to put in the same effort later on as their peers assuming that their superior intellect will get them across the line.
Sure there are problems with the education system, but whatever path you take I think you need to show some intelligence in knowing what you need to do to achieve what you want. If you do want a degree, follow the rules of the degree, it may not be the best education, but it's what you want. If you don't, well great go that way. Sometimes you have to work within the limitations of the system to get to your goal.
Needing a degree as a tick off prerequisite for some jobs is of course another problem entirely.
Sure there are problems with the education system, but whatever path you take I think you need to show some intelligence in knowing what you need to do to achieve what you want. If you do want a degree, follow the rules of the degree, it may not be the best education, but it's what you want. If you don't, well great go that way. Sometimes you have to work within the limitations of the system to get to your goal.
Needing a degree as a tick off prerequisite for some jobs is of course another problem entirely.