This took me far too long to figure out that it was parody. I'm sure some VC has at least thought of building a SEC Violations as a Service platform. This is truly the dumbest timeline.
The same thing happened in dentistry, law, EE, some medical specialties, vets. Job path gets seen as a golden ticket to high pay for low to medium effort and people pile into the profession and saturate the market. Then some thing happens, a recession, technological innovation, or geopolitical/geo-economic shift, and the demand changes dramatically. These things work in cycles, happened before in the .com bust, and this will take 5-10 years to work its way out. The good news is that for the new grads who manage to hang on they will make a killing as the demand for mids and seniors will be insane due to the lack of qualified candidates available.
Part of this is J.P. Morgan Chase paying for customer base. JPMC can't legally buy any banks anymore unless it's at an fdic auction for a failed bank. That means that the only way to bring in new customers is organic growth and taking over company/store cards from other banks. If JPMC sees an ROI on this, I expect that they will start aggressively going after established store card like the old navy/gap card or airline cards like the American Airlines card. They instantly get thousands of new customers to market their other services to, can offer cross promotion into their most valuable fee cards (sapphire reserve) for less cost, and get to expand their market information gathering operation that feeds into their investment banking and commercial banking lines of business to inform better understanding of the market.