I don't think it's super surprising news to anyone and most people have done everything you've mentioned and are still struggling to get a job so it seems a little cruel to place the blame on them when the market is gone.
The current reality is still better than 2009-10, when millions of fresh grads even in technical roles went into economy with 11% unemployment and had to take close to min wage jobs if they could find them at all.
I have many peers still recovering from that recession, and some never found meaningful employment and are still in dire straits financially.
The current situation is far better in comparison, especially for techies who had a decade of cushy jobs to pad their safety net.