I'm with you on that. I commented on a LinkedIn question about definitions for training, learning, education, and development (a conversation I'd often shun).

To me, "learning" underlies all the others, because I see learning as the individual's activity that results in new or strengthened neural connections. (Not that you sit in your chair and say, "let's build some neurons.")

The other three, for discussion's sake, I see as ovals on a spectrum. Training (gaining competence in explicit / near-transfer tasks) at the low end, education (explicit / far-transfer) overlapping it a bit. I'm not crazy about "development" in this taxonomy, but if forced, I'd have it overlap on the other side of education.

You're right, I think, about formal training as a shrinking component -- I just think it's hard for learning professionals and line managers to agree on a vision of what comes next.