I am sure, there'll be quite a few who'd argue that this is necessary complexity, but my take on this definitely is the latter - artificially inflated
But it's not only the web. Same happened to Java in the 2000s and is currently happening to Android. Any mainstream Java job is more configuration of Spring containers with a bit of code glue sprinkled in-between than "proper programming". As for Android, just follow a couple of Android forums where plenty of people complain about such complexity and frameworks changing "by the minute"
Aritifically inflated :)