I think quite a bit of this phenomenon should be attributed to how young adults choose their education/career path. We're still in the "you can be whatever you want" and "if you make your passion into your work, you won't work a single day in your life" phase of the civilizational boom/bust cycle. Do high schoolers familiarize themselves with the supply and demand per field or do they wing that part/ignore it? For the fields that they feel pulled to, do they consider which people become financially well off after graduating in it? E.g. is it mainly authors, public speakers and professors, all basically in educational roles, making the field a government subsidized ponzi scheme? And do they on an ethical level consider which layer of society's hierarchy of needs their future expertise will feed into? As in, does the subject revolve around pleasure maxing in the upper echelons, or will it be useful for infrastructure, supply chains, defense, health,...
It seems that most people wing most of those points in a pursuit for what they think their life's passion to be at 18 years old. And neither do any governments in America or Europe really step in to incentivize socially benefitial choices, at least afaik, instead relying on the import of immigrant experts while at the same time experiencing massive brain drain to better off countries, e.g Germans moving to Switzerland en masse.
It seems that most people wing most of those points in a pursuit for what they think their life's passion to be at 18 years old. And neither do any governments in America or Europe really step in to incentivize socially benefitial choices, at least afaik, instead relying on the import of immigrant experts while at the same time experiencing massive brain drain to better off countries, e.g Germans moving to Switzerland en masse.