The flip side question to you is, why should students get away with more than they need? Memory and cycles are wasting energy. We need engineers to understand how to be deeply efficient, not careless with resources. Memory is generally much more expensive than compute cycles in terms of energy use. Yes, please, teach the students how to program with less memory.

Low memory programming is a fantastic exercise for learning modern GPU programming, since you still need to conserve individual bytes when you’re trying to run ten thousand threads at the same time. Or if you’re just into Arduinos.

Other lessons that are great to learn, but take time to appreciate are how to avoid using any dynamic memory, how to avoid recursion, how to avoid function pointers or any of today’s tricky constructs (closures/futures/monads/y-combinators/etc.) I’m of course referring to how some people (like NASA) think of safety critical code https://en.wikipedia.org/wiki/The_Power_of_10:_Rules_for_Dev... But I will add that many of these rules have applied to console video game programming for a long time. They’re easing up lately, but the concepts still apply since coding for a console is effectively embedded programming.