It's still there, but teachers like me who still do hardcore standard grammar and literature are becoming part of the "old school" of teaching. And standards are being relaxed in the name of funding, because if a kid can't read a whole book by age 13, maybe the standards are too hard, or something.
You need to be able to decode the world around you. That means having good language, math, science, history, and physical education. The more the better. And yes, Shakespeare is a part of it, for those of you who keep invoking him as some kind of impractical standard. You'll never be able to understand a great deal of English literature if you can't understand Shakespeare. It's some of the most straightforward, if archaic, writing for adults out there. With Shakespeare under your belt, you can go to the Brontes and Keats and Whitman and Dickinson. You can handle formal philosophy. So much of the world is made accessible by understanding the style that Shakespeare wrote in, themes and philosophical questions that show up even in mass media like the MCU.
I don't know, it bothers me when I can't understand something, and I try to fix that. Even if I don't know how to do advanced calculus, I at least want to be able to understand that people are using it when I see something cool happen.