I guess I'm lucky to live & work somewhere where the system kinda works, but the boomers are a great well of institutional knowledge, and the kids are working hard and changing the game. The ball was kind of dropped in the late 90s & 00s, but now millennials have surpassed gen x in terms of responsibility & authority in my industry and the zoomers I've had the opportunity to train are legit. I'm not sure what happened to gen x, but they all seem kind of sad and/or lost.
In my career I’ve generally had to spend much more than that each week learning.
Important point. If you're in a career that's at all demanding, you are going to be learning for the rest of your life. School prepares you for that. The specifics aren't important, what you should be learning in school is approaches to research, study, and problem solving. Schools could probably do more to make that clear.
Funny story, the only ethics required in my engineering degree was a 2-day unit on our professional code of ethics. We had a 20-question true/false homework on it, and the thing about a professional code of ethics is it's not super intuitive. Most of the class thought they could gut feel their way through it, but you actually had to read the code because the wording was very specific sometimes. When it turned out that everyone failed the homework, the professor let us try again.
I had an actual Japanese man teach me at the local art museum.