Recruiters want talent that is close to free and Stanford / Oxbridge level of prestige and intelligence.
In the past the recruiters would just scan the school / FAANG employer and just put you on the "potential" pile to get your toe in the door in front of the other 500 applicants that applied with you.
Now today it is 1 position 2000 applicants and AI ATS systems now looking at the applications.
Why hire anyone when the recruiters and existing managers can just use GPT-5 / Grok 4 or Claude to get the job done for less than $20?
It's not just engineering or management graduates that cannot find jobs.