Your conclusions come from news and internet reports which may be perfectly valid.
My conclusions come from first-hand observations of my recently-graduated children and their large pool of friends. Purely anecdotal, but valid.
Two have recently been in the job market. No problems whatsoever finding high-paying jobs. Their friends? Depends entirely on what they studied and what their hard skills are. Many are living at home.
As for teachers, this is a big country, and I am not at all familiar with the public school system in Maryland, although the Philippine option seems boneheaded. However, our schools are in a much different situation than a decade ago when that program started. Obviously time for it to end.
Bottom line is that our home-grown labor force is falling behind. When you have half the country supporting socialism, is anyone surprised?