Unfortunately, for both students and the employers who would hire them, the increasing difficulty in securing the work experience necessary to demonstrate competency sans degree favors the less-rigorous test it and forget it model of competency-based learning.
This may make sense as a way to judge a state (although there may be legitimate questions if it makes sense when moving to a competency-based learning system and away from one based on time), but it creates some problems for judging schools to where students are transferring in the midst of their high school experience.