This is competely wrong. See https://www.medrxiv.org/content/10.1101/2021.12.23.21268276v...
It is elevated, but the implications of that depend wildly on things like case rates, as events/vaccine doses is static, and events/cases is dynamic. A conclusion reached in Sept., 2021 misses a huge upswing in cases in young men from Omicron, which while milder on a per-case bases has also caused a lot more cases (to use a gaming analogy, making better saving throws, but making a lot of them).
Could you elaborate? I'm actually interested more in your opinion than on the mainstream one.