Dr. Courtney said:
The question in the OP is equivalent to, "Should the math requirements in college be lower than the college prep math requirements in most high schools?"
It is also equivalent to, "Just because many high schools are dumbing down math education, should colleges dumb it down also?"
In light of this, it is surprising to find so many shills for the further dumbing down of math education in the US. What next? Remove Algebra 1 and Algebra 2 from the high school college prep sequences? Remove algebra from the ACT because it is a barrier to student success? Stop worrying about all the math teachers passing students in high school algebra courses who are nowhere near proficient? Stop including so many problems that require real high school algebra skills in introductory physics courses?
I feel again this is unnecessarily far too confrontational a view, focusing again largely on the luxury problem that without algebra one is handicapping students to properly be able to do our most beloved subject, instead of focusing on the larger societal problem, namely that there needs to be an alternative way of dealing with the situation that most people do not want or feel they need algebra in life per se, a position which the educational system acknowledges to some extent, but one which they seem to be incapable of meeting head on by adequately offering to teach other mathematical subjects instead.
It goes without saying but most people do not plan to nor enter into STEM, let alone specifically physics or mathematics. If one does not plan on entering into STEM or one of the practical sciences (mostly public servants such as health care and CSI) there is a case to be made that mastery of elementary algebra is not an essential skill in life. Empirical research has shown well and above that most people are actually capable of getting by fine in life without it. Hell, there are even a substantial amount of people who aren't able to read yet still are able to get by in life, sometimes even fully unnoticed by others (NB: contrary to popular opinion this requires some considerable reasoning skills).
Research has also shown that both mathematicians and non-mathematicians naturally tend to be more proficient at some particular mathematical field or point of view, instead of generally being 'mathematically strong or weak'. This is obvious really: having a knack for say tensor calculus says absolutely nothing about having an a priori knack for set theory as well. The fact that we act otherwise today is because we confound the entire question by artificially making it only possible for a select few to learn these skills and then stare ourselves blind on them.
The select few are of course those capable of passing the traditional teaching strategy, while anyone else regardless of their natural skills aren't even considered. The select few tend to be called mathematicians, but the point here to take away is exactly one need not be a mathematician to be able to do some mathematics, and the existence of physics as a separate field of study and of physicists with their own particular flavor of mathematics is the perfect example of this. There is therefore a case to be made that perhaps elementary algebra could perhaps be replaced with some other mathematical subject, and if deemed absolutely necessary down the road, be developed from the point of view of this other perspective or just learned later down the road, just as how we tend to teach these other subjects to a select few much later down the road.
This would first and foremost likely exacerbate any naturally occurring differences in different mathematical skill sets among children; one is for example no longer broadly labeled as 'mathematically weak' if one happens to be shown at the same time to be very skilled at say logic or graph theory. The chances that one has no mathematical strengths at all is of course a possibility albeit a somewhat unlikely one; this would most likely be indicative of a learning error, teaching error or perhaps both. Moreover, I severely doubt this would significantly decrease the number of applicants to STEM or mathematics specifically, and I'd even wager that it might actually increase the number of applicants to interdisciplinary fields with unexplored but strong mathematical overtones which are at the present moment still in their infancy stages.
This really is a behavioral hypothesis to be tested in practice of how things actually are, not merely philosophised about in regard to some ideal fantasy of how we would like things to be. Any further questions of the utility of teaching such widely varying skill sets to different people and the possible effects thereof on future science, mathematics and society remain open questions which can only be answered by carrying out large controlled educational trials and comparing different teaching strategies with respect to different goals. In any case, it should be patently clear that a 'one size fits all' approach is far from the optimal strategy to adhere to when teaching elementary mathematics, especially when the consequences of this are so dire for all levels of society.