Not really. What they are really admitting is that all the money that they keep throwing at education is a dismal failure:
"The problem, he finds, is that far too few graduate high school with the basic math and science skills that his company needs to compete."
We didn't have this problem years ago before all the socialist programs in education.
Good story to tell. American born girl student whose parents were from India. She applied for jobs after she graduated from college with BS in computer programming. After tons of resumes no interviews. She even lowered her asking starting salary. Still no responses. One of her friends suggest that she take her American citizenship off her resume and see what happens. Immediately after removal of US citizenship, she had many interviews. After each interview the software companies were making job offers. She took one, worked a year before she told them she was a US citizen from the start. The employers were upset!!! What they really want is a foreign worker on VISA and willing to work low salaries. Moral of the story is even if we were willing to work at the lower salaries, many employers want you to have the mindset of a VISA worker, easy to fire and silent when abused.
Keep this up and corporate America will face class warfare with the rich hanging from lamp posts. Many corporations claim they must keep salaries low to meet slim profit margins. Gee the CEO keeps getting huge raises and bonuses along with his exec staff. The HQ building don’t look like a building trying to keep costs down. Laser edged glass, expensive furniture, art, look more like steel and glass palaces, limo drivers to work, gov bailouts, perks etc etc fit for a king. Until CEO’s live modestly, HQ buildings look economical, hard to sell this crap of slim profit margin to Main Street America. It is more like the guys on top help themselves to the profits first, then claim too little is left for the workers in the factory.