Average testosterone levels have been dropping significantly all around the world, so this policy likely wouldn't be the cause of the feminization of men.
https://www.sciencedaily.com/releases/2010/12/101208125813.h...
High incomes leads to better spending on food leading to more cattle production leading to more soy use and more dairy consumption, which leads to more intake of oestrogen in water, leading to lower testosterone counts in consumers, leading to lower fertility rates.