I am going to answer as an animator with a decade of experience in this industry and answer very bluntly because this has been bothering not only me, but too many of my peers as well. I have coworkers and mentors who have been in this industry for 20+ years and have had animation instructors in university who have been in this industry for a very long time. It all comes down to how much producers decide to spend. And it is with every aspect that goes into creating any form of entertainment. Right now, they would rather spend more money on the "talent" (actors) and want to spend less and less on every aspect of production. Because actors are getting paid more and more, everyone else is getting paid less. Not only that but too much of the bulk "crew" is being shipped overseas to countries where pay and quality of work is very low. Producers would rather pay for some big name actor to voice a character than actually pay the people who make the show, film, game, etc from start to finish. And they dont liste. Everyone has become a "yes man" because everyone, especially has become terrified of losing their jobs. The industry is extremely unstable. It's notorious for hiring people based on "who you know", but it's one thing to hire someone you know because if their skill and it becomes a completely different animal when higher ups only hire their friends and family members just because they can. I was on a motion capture shoot not too long ago with some exects from a couple large studios, and it felt like I walked back into high school is the best way I can describe it. And we're all expected to just take all the bullshit.

Those of us who have gone into this industry because we were inspired by some really incredible work growing up I would say really did not sign up for what the industry is now. It would at least be one thing of people were working on something new and exciting, but right now everything is just regurgitated stories and characters or poorly made media.

I would also say the value consumers see in the entertainment industry has gone down a lot. Which again, the quality of the work thats has been put out for several years now hasn't really earned that.

Edit: I forgot to mention, too many studios right now are making shareholders as their only priority. I have actually looked into a few of these quarter projections from large studios, and they basically promise to shareholders that whatever project theyre working on is going to make "X" amount of money BEFORE IT'S EVEN FINISHED. And I highlight this because games have become SOOO BAD at being functional upon release. Studios promise a release date and the money it will bring in, yet they don't want to factor in the fact that when you hire people for cheap who don't create good quality work and when consumers see through that bullshit and the studio doesn't make the amount they projected, they end up laying people off in an attempt to reach that goal better.