There's no vet industrial complex, so no administrative/insurance/legal parasitic overhead like in human medicine (in the US).
Seems like the usual suspects have realized that there's a ton of money to be extracted by the veterinary industry and we're seeing the direct (hey, our CFO did some analysis and we can raise prices 500% and only impact sales 20%!) and indirect (hey, since there's a lot of money in this industry now, we've developed a new veterinary surgical instrument that improves outcomes 10% for only 20x the cost!) effects of that process.
And in this case, veterinarians are caught in the middle since they don't have a powerful cartel to protect them like human doctors; they end up with all of the stress and none of the profits.
In the last few years have seen several times how things go when private equity buys a dental or vet practice (or even plumbing) . The workers there are suddenly under a quota to make money, have less time but more stress, costs to the customer go up. The only beneficiaries are the private equity company. Everybody else loses big time.
You obviously haven't seen where private equity has been buying up private vet practices
Techs (for states that require technician certification, it's a two year degree) do a lot of the work with pets. There's often more than one technician per doctor. That reduces costs. Doctors are still needed because, unsurprisingly, cases can have a lot of nuance that requires significant training to see.
I'm sympathetic toward animals, but there's a lot of them that are lucky to have anyone take them in at all, and a lot that aren't that lucky. If someone wants to get an animal some level of care without there being someone with a postgraduate degree to supervise (instead of no care), that sounds like a good thing. They could always be referred to a more qualified vet if needed.
For the routine tasks, eg flea medication or bloodwork, a vet isn't helpful. For difficult tasks like surgery, a vet is too expensive.
I'd rather use a quack in every case.