This is very much the case, the US is quickly becoming a playground for the wealthy who can pay to put their kids through private school, and skilled workers from abroad who didn't have to suffer through the American educational system. The only essential difference between education in a place like the Japan and the US is the level of funding--their school system is based off of America's, and yet their teachers are competent, their students often score far higher on standardized tests. I suppose I learned something in HS, but I was an absolutely shit student and my district did what they could for me but in the end it was my own drive to succeed, after graduating, that led me to becoming a top student at college and transferring to a very respectable university.
The whole system is fucked up, and while I might be one single individual who "pulled myself up by my bootstraps," there are perhaps hundreds of thousands, if not millions of young students just like me who either dropped out of highschool or barely finished and couldn't cut it at college and ended up doing unskilled labor. They suffer with no chance for a better life, no shot at a more comprehensive education, and no consciousness of their labor conditions such that they never even think about trying to fundamentally alter the system that has placed them in such an awful social position. I am not a success story, I am the exception that proves the rule.