Depends on whether two pwrking parents means never being around or not.
Also depends on the child and the schools involved.
Two working parents for us doesn't mean not having a parent around.
DH works FT. I work PT. DD goes to private school.
DH does morning drop every day and I can collect every afternoon. No need for wrap around care. I can over all but 3 week's of DD's holidays - DH sometimes works from home, Katz is lovely and helps out i n the holidays, parents and PILs can help out for the odd day and sometimes we do childcare swaps/playdates with DD's friend's parents.
DD is able to do the extra curricular clubs she wants as I am around to take her, and sometimes DH collects esp fromt he ones tht finish later.
DH is always home by 6:30pm so we all eat together as a family and DH does bedtime.
Morning assemblies, etc DH normally can cover. I will do afternoon stuff, and sometimes DH will try and come too if he can rearrange clients for an hour or so. For big stuff, like the speech day or carol concert I am able to rearrange hours or have unpaid leave to attend, and DH is able to be flexible too.
For us it isn't an either or, just more organisation required.