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You have had an almost 20 years of recession since 2008. The global economy never recovered to the previous trend. So if you think things are getting bad and then worse, you are correct.
08 was never fully fixed, its only been delayed again. 1 of things that never recovered was jobs in many fields, i felt like alot of jobs for stem just wouldnt hire people at the low-levels anymore, they just steal peoples resume and use it to screen the rest out, probably looking for the people lucky enough to have 1-2 years of experience to exploit. plus in biotech there has been a silent push for women to be hired since they are surpassing men in biology degrees 60/40%, even in my university, the people in bio class/class labs were mostly women, and the male/female PI favored women in thier volunteer labs over men by alot.