The short answer is yes but it is a bit complicated.
While going to a community college is more geared,though not exclusively, to learning a trade, going to a university is not always such a direct link,depending on your major.
Unless you are an Engineering or Psychology major, getting a Bachelor's degree from a university is often more nuanced in how that education translates directly to getting a good job. In other words, the link is more abstract, than that of say, an engineering degree. When you major instead in the Arts, versus Sciences, there isn't a direct correlation to your future employment.
For example, there is myth perpetuated by some, that an English, History,or Political Science degree, doesn't prepare you for the skills needed for employment,unless you plan to be a teacher in that specialized field,that you majored in.
This is not true. All those degrees in the Humanities prepare you in what is known as critical thinking.
Critical thinking is reflective thinking focused on deciding what would be sensible or reasonable to believe or do in a given situation. It involves creative activities such as formulating hypotheses, gathering pertinent information, recognizing assumptions and values, comprehending and interpreting data, evaluating arguments, recognizing relationships, drawing and testing conclusions, and rendering judgments based on appropriate criteria. Helping students think critically involves inviting them to assess the merits of various options before them on the basis of relevant factors. It is a powerful method of teaching content, skills, and outcomes.
Furthermore, those degrees, prepare you to communicate effectively,whether, in writing or verbally. Intensive reading is required which increase your vocabulary . In addition, since some of the data learned has a subjective interpretation, critical thinking has an analytical component.
While Wall Street is not the best example, to use currently,with its' low regard by the public, after the 2008 financial crisis, many brokerage firms look to hire those who majored in the Arts-such as English because they considered them ideal candidates who could be trained to perform well.
So while an engineering degree can land you a lucrative employment opportunity, it doesn't necessarily prepare you to communicate or articulate effectively.
Therefore, while the link is more nuanced and abstract, obtaining a Bachelor of Arts is not a waste of time and money. It is anything but. If you are unsure of what you want to do,once you finish your post secondary education, majoring in the Humanities can still be a ticket to financial success.