No, that's the quality of candidates. I wish I was joking as a PhD holder for only 15yr.

A lot of skill of is getting bled into the private sector because getting the PhD in a lot of regions doesn't mean the step up it used to. A lot of that comes from awarding them to layabouts doing "a gender critical analysis of ...".

Industry doesn't how/what/why they just wanted the 3 letters as a performance barrier to hire competants.