I’m not sure why this is getting downvoted. Every time I read through a scientific journal from the 60’s or 70’s I am pleasantly surprised by the fact that the qualitative and quantitative reasoning is clearer and more sophisticated than what I see in many contemporary publications. The OP is perhaps justified that we should fixate less in the US news rankings, but the sense of decay seems justified.
Imposter syndrome is frequently brought up to reassure people but in a lot of cases I see that people are actually frauds and we mask this over with endless positive affirmations. It is genuinely upsetting to see mediocre researchers get tenure when there is such a glut of talent that is simply passed over.
That would make sense. There are probably a lot of reasons for this trend. The OP's point about fixating on US News ranking seems related to your suggestion. Whatever the cause may be it seems clear to me that a lot of our best scientific minds are increasingly excluded and marginalized by the modern academy.