Earlier quoted context omitted.
In biochem, the norm is for people who intend to work seriously in the industry to go to grad school; that is, academic research in that field is not a competition for a tiny number of academic jobs. But bio and chem have two of the worst reputations for academic research culture.
I wonder if there is a filtering effect here where people who have relatively better soft skills and technical knowledge move into industry, and what we are seeing in academic circles is biased to what the industry declined.
This is starting to happen in CS -- the level of technical competence remains fairly high, but the faculty ranks are swelling with "doesn't play well with others" types. Most of our PhD interns with serious ego/soft skill issues don't get return offers and end up in faculty positions as a result.