In the end, it will appear B/W on paper, screen candy or not.
Ever heard of color printers. 
Yes, of course. I don't have one, and they are relatively expensive to run.
Some colours are more visible on the screen than on the page. Pure yellow is a prime example, with some greens being almost as bad.
Background colours give no information, are expensive to print, and make the foreground less distinct.
How many schematics even do end up on paper these days, with digital distribution to save the planet.
Many, especially when trying to faultfind equipment. It is not easy to annotate a PDF with the voltages at various nodes

Evidence: even though free PDF scans of test equipment are readily available, there is a thriving marketplace in printed manuals.
1) colour is ableist. 8% of men won't be able to see colours that you do
That nobody tripped on the "men" in this feminist world of today. 
"Men" is accurate in this context. ~0.5% of women are colour blind, i.e. men are ~16 times more likely to be colour blind.
But as an argument against using color it is not to valid. The people with troubled color vision will still be able to see something and with the colors chosen carefully they might not even miss that much of the intent
As I was taught at school, the first person to define colour blindness (John Dalton of "atoms" fame) was publically vilified and shamed for a reason he could not understand. His community avoided clothing with bright colours, and everybody was horrified when he gave a red shawl as a present. He thought it was grey.
For other examples including his notebook, see
https://blog.scienceandindustrymuseum.org.uk/john-dalton-colour-blindness/Since when is it "woke" to give serious consideration to the fact that a significant portion of your audience won't be able to correctly perceive color, and therefore that using color is a bad idea?
Calling 8% significant, nah not in my book. >30 or 40% I call significant. Sure it is a lot of people of the world population, but how many of them are in electronics? It is al relative, and it is typical how things always flow into this "woke" debate.
Technical evolution brought us color computers, so why not use them to serve some purpose. Let go of the archaic thoughts of how things used to be.
No, 30% isn't "significant"; that requires >50%. (Yes I realise the stupidity of both statements)
It colour blindness was "archaic", you might have a point. Unfortunately...