Somebody will have to be the laborers assistants at minimum wage, somebody will need to do menial tasks for my kids - it might as well be the progeny of the losers from that list.
Sounds to me as if you're describing the education establishment which is quite regularly turning out 'another generation of underearning, underachieving losers'...
Guess you haven't heard that it is homeschooled kids who are winning the national spelling and geography bees for the last few years.
I know quite a few public schooled kids who literally can't read their diplomas...yes, they received their diplomas anyhow.