I'd be very surprised if your industry really did use complete pseudocode and only elided error handling. On the other hand, you're sort of assuming in your conclusion that pseudocode is the "better way" for languages because that's what people use, but you're leaving out the initial bias. I would argue that if you made current industrial languages more like pseudocode, you'd probably do better, yes, but it's a local maximum derived from an assumption of what the end result will be.
In other words, people use pseudocode because it's close to the code they intend to write and represents their current notational expectations. It's an enforcement of legacy methods of thinking.
But many people have admitted that there is a problem with writing pseudocode style programming for modern hardware performance, where taking advantage of parallelism is important.
Furthermore, I would argue that academia is relevant because it's one of the few places where the ideas are more important than the executable. If the ideas are communicated clearly, then you've succeeded. If we really want to program for the human, then we want our programs to be focused on the communication of ideas, and not machine-focused. And the reality is that if you take the machine away, and focus on human-to-human communication, without any "industrial" bias (expectation of machine execution), then rigorious idea communication is almost always pictorial, visual, and ideographic. Fruthermore, the notations that people develop and have developed over time to communicate ideas never end up looking like mainstream programming languages. As people work with ideas, math notation is the quintessential notation for communicating human ideas rigorously. It is highly evolved for human consumption, and manipulation, rather than machine-focused.
I believe there have also been some studies on how people describe processes without any computing background, and it's inevitable that many of the core "serial" programming concepts are not "natural" in human though, but a very acquired taste.
Again, I would be surprised if you put a bunch of industry or non-industry professionals up to a white board and had them illustrate their ideas rigorously to one another on just that whiteboard, that they would naturally gravitate to any real programming language. And I doubt strongly that they would actually continue to use pseudocode at scale on the whiteboard.