It absolutely did.
100% literacy, but all we read is garbage, and all we write is short and shallow. 100% computer literacy too, if that term means making accounts, clicking on links, scrolling up and down, taking videos of things, and commenting.
The internet has ended up being a massive drain on people's energy, and driven communities apart. Of course, there are exceptions here and there amongst the better educated classes, people who manage to shield themselves from the worst transgressions of the behemoths running the tech infrastructure that dominates people's lives.
And, of course, these exalted internet users then vehemently argue that the internet is great, and people just aren't using it right, like them. And round and round the thing goes, getting worse and worse for most people.