The quote is second-hand and could have been misinterpreted. It's not clear how printed computer records are counted in this statistic. The original source needs to be studied. There were 24,769 CSC bachelor's degrees granted in 1995 and the trend is continuing. There are a variety of interpretations for these data.
Many people believe our society is in the process of eliminating work.
I believe HP would say they are more efficient. In any case, such figures are common in our industry. There are a large number of anecdotal horror stories. Citation Dan Stearns personally checked each student's record in the SIS database in the first week of January, 1998. The WSJ is one of the most reputable newspapers in the world.