It doesn't help that job ads are wanting "Top 3% only!" or "Only top 1% Ninja Rockstars need apply!". Kind of reminds me of the market for singers or concert pianists, you absolutely need to be the best, even imperceptibly worse makes you unemployable. Should those of us who aren't top 5%/didn't go to a top school just find another industry, one where sub-perfect work doesn't actively make other people's jobs harder?
Once you have your first job, the top 80% are rarely ever again actively looking unless they have some sort of extenuating circumstances, so the reality is they're only going to hire the to 1% of the bottom 20% The top 5, 10, 20 out even 50% rarely hit the open market, inbound recruitment process. They get poached or go where former coworkers are
Of course, I spent the first 14 of those years in Dallas and the first 9.5 of those at a poor choice of company. I spent years having applications ignored. I sometimes wonder if thinking like this had something to do with that.