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There is a bit of truth to that in that most kids have little idea what trades or jobs exist except in a very general way. That doesn't even count opportunities to be self employed. I know I didn't and that was years ago. I have met other people who have said the same thing and these are people who graduated in the 80's and 90's.

I am not really sure you can lay all that on schools. Parents need to find ways to expose their kids to hobbies and business/industry in general. I am not sure schools can really do a good job of that if they tried. These days teachers went to college and became teachers. What job information do they really have? Teachers who retired from other careers are rare from what I hear.