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> Students don't set the industry standard. They follow it.

I don't think this is entirely true, which is one reason companies have student-discount programs, often pretty aggressive ones, sometimes going all the way to basically giving the software away for free to students (Microsoft does the latter fairly often).

If nothing else, what students are familiar with affects the cost/benefit analyses of companies making decisions. If a lot more graduating students are familiar with technology X than Y, then a company will find it harder to hire for Y, and will pay more for the employees when they do, which pushes some companies to choose X. Obviously how much effect this has depends on a lot of factors, like how big and how persistent the imbalance is, how entrenched the industry standard is, etc.

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