It's terrible sure, but it's popular only because our economy requires it. That is the basis for the whole economy. It's not like people are clamoring to serve McDonalds for minimum wage or clean shit out bathrooms. They have no other choices in this economy. The economy demands it. While those jobs might be necessary, most middle management and office type jobs are incredibly redundant and frankly, pointless. They are there because people need to eat and we haven't figured out a better, more appropriate way of wealth transfer.
"The fact that we don’t have serious efforts underway to combat threats from synthetic biology and AI development is astonishing."
It's not astonishing considering that these things don't exist, pose no threat, and the people in power wouldn't understand them even if they did exist. There are many more pressing issues that hypotheticals.