You’re overlooking a hidden pernicious effect, that IQ is a relative measure that does not identify a declining trend very effectively, i.e., any identified decline in IQ is both a momentary and transient indicator as the norm, i.e., 100 IQ, integrated; and the 100 IQ norm also does not say anything about the overall relative state to any other previous state.
In other words, this is how we end up with Idiocracy where a low IQ person becomes the smartest person in the world right under everyone’s nose.