I think he’s wrong.
I’d be having my children learn Chinese.
When we listed an ad for a position in our Hollywood company, we got hundreds of applications. Unfortunately, 80% of it was ‘text’ language and most of these grads do not have a professional command of the English language. It pissed us off to no extent.
The good part was that we discovered a few gems from applicants from small schools in middle America I’ve never even heard of.