There was a lot more pride in professional work yeah. People cared about doing a good job. I'm not quite sure what caused the decline over 3+ decades but you could probably throw a dart at "the internet" and probably hit something partially related.

I think theres just MUCH more depression over the much more visible reality that your upper managers don't care about you or the work you put out. Especially now with AI companies pitching them a salivating dream of doing the work of 100 with 10.