Things have indeed changed, but not for the better. I am 31 and a licensed secondary education social studies teacher, and cannot believe how terrible basic geographic knowledge is.
After I did my student teaching I worked 4 years in an unrelated field: global shipping. I was so shocked at how little many of my co-workers knew about the geography of the US and of the world. It was really sad to see some people have to rely on Google maps to be able to tell which coast (East or West) Nashville, or Boise was closer to. Imagine having someone who is supposed to send something to China, and instead of having the booking made from Boise to sail out of Seattle, they instead send it all the way across the US to sail out of Norfolk, VA, and then have to go through the Panama Canal and finally across the Pacific. It was maddening!
What was even worse was when they brought 2 "executives in training" who were basically glorified interns on a fast-track to management positions, and these guys didn't even know US postal abbreviations, much less the locations of various states.
ETA: When I was in high school we covered Romeo & Juliet our freshman year, along with Greek and Roman mythology, and poetry. Sophomore year was when we did British lit, and covered most of Shakespeare's major works, along with Jane Austen, et al. Jr year we did American lit, and Senior year I can't even recall what we did, but by then it was treated as an Honors course and I think we just did a broad spectrum of advanced lit.
Not exposing kids to Shakespeare in high school isn't the end of the world, but having to do the work to decipher Shakespeare is very helpful when it comes time for college and students have to read hundreds of pages of text or lit each week, with little guidance from professors. A rigorous English lit experience during high school is the best way to prepare for reading comprehension in college.