... theory is good for you because studying it expands your mind... Specific technical knowledge, though useful today, becomes outdated in just a few years. Consider instead the abilities to think, to express yourself clearly and precisely, to solve problems, and to know when you haven’t solved a problem. These abilities have lasting value. Studying theory trains you in these areas. Michael Sipser
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A theory is not just a theory. It is a well-tested and tested piece of knowledge that you can apply to real world challenges. A theory is a way to better understand the world by using logic and logic alone. The more you study a theory, the better you become at using it. This makes it more valuable to you as an employee or private citizen because your skills will be more robust and useful even when the technology changes.

Source: Introduction To The Theory Of Computation

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