The contrary is also true. When we don't effectively use schools as these crucial public services, we wind up with the "school to prison pipeline" as it's called.
In my opinion the notion of "no child left behind" shouldn't equate to every kid going to college or becoming a doctor. We can design schooling metrics better than test scores and academic outcome. Like criminal justice outcomes, health outcomes like obesity, voting or civic participation, or even social outcomes. The goals of schooling shouldn't be wholly academic. That is why secondary education exists.