It was interesting until I saw it was an american enterprise institute article, and they are a notorious libertarian group. This whole argument is most likely just a smokescreen to encourage cutting of public funds for higher education. And it was a pretty elitist article talking about the IQ savants who should be considered for the science and technology jobs while everyone else does blue collar work.
Higher education via college is overrated. 50% don't graduate, and of those who do 50% don't use their degrees. I know in my field that about 30-50% of graduates are going to med or dental school, which has nothing to do with what they learned as undergrads.
Vocational school is a good alternative, and associate degrees from community colleges offer almost as much lifelong economic benefit as bachelor degrees from 4 year universities. However this elitist attitude of just writing off the bottom 80% due to IQ isn't really acceptable. IQ is important but so is motivation, learning methods and work ethic.
I'd like to see more respect for online degrees, or people who study a subject online and gain accrediation for it.