I wonder how much of this is due to poor incentives at the university level?

I've seen this work well at a job when there's a feedback loop for juniors that incentivized them to learn with more scope and compensation

Yes, I agree, the skills are orthogonal. Digital typesetting is vastly quicker than manually putting down metal type, and since you’re exposed to more type you have the opportunity to learn faster. But getting good at typography with digital tools will help you very little if you need to lay out type manually.