No, Machine Learning is an unfortunate name for a well documented process for creating black-box classifiers. The process is good, the name is not.
However, the current process of "Machine Learning" (which is a semi-random parameter descent/evolutionary replacement process) is unlikely to be equivalent to the way people learn, because we aren't copying/competing/replacing our brain constantly. People are actually very good at learning, but our brain material replaces itself partially and relatively slowly (when compared to how a neural network is trained).