The massive STEM graduate exodus – what's going wrong? – John Skrentny [video]
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Opportunity largely evaporates by middle age --- like a professional athlete but without the huge salary.
Better have some backup plan for the second half of your work life. Or simply choose some other career --- which is apparently an increasingly popular option.
If your assertion is people get a STEM degree and then don't want to work for a scammy startup that has no plans for profitability and funds operations by repeatedly returning to the VC money-trough. That's not a failure. That's a success. Students have learned how to apply critical evaluation skills to avoid hype-laden zombie startups pitching employees on equity grants that will never be valuable (much less lucrative.) Instead they're moving into careers related to thier degrees: biology, geology, mechanical engineering, etc.
STEM does not mean "I copy code fragments from Stack Exchange and Co-Pilot all day."