The sentence is grammatically correct, but it can be rephrased for clarity and style. Here are a couple of alternatives:
1. "Today's youth no longer read, and this is jeopardizing our education system."
2. "Young people today have stopped reading, which poses a threat to our education sector."
The meaning of the original sentence is that young people in the current era are not engaging in reading as much as they should, and this lack of reading