Except ... the collapse never happens. Once your engineers burn out or age out you just hire fresh meat and the cycle repeats. The issue I have with these types of articles (and books like Peopleware / Slack) is they never provide any actual metrics that may convince the beancounters to try a different approach.
Age out?
Your systems just continue working at full capacity when all your engineers burn out and you hire new people who know nothing? Huh, that's a new one to me.