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Again: Reagan.
He fired pretty much all ATCs striking for a decent wage, and the industry never really recovered. Low wages result in low recruitment.
Just like global warming, the consequences for funneling as much money to as few people as possible will not be immediately apparent.
Aviation, military, infrastructure, medicine, agriculture, all of it is going to get worse in subtle ways before we notice how broken they've become. People just can't be expected to care when they're not being compensated accordingly. The more people who realize that 'work' isn't about supporting society, it's about serving the ruling class, the more people will slack off because they don't actually care about the work being done.
Quality is down. Prices are up.
These problems will continue to get worse as long as the disparity in wealth continues to grow.
Wait until some sleepty ATC makes a mistake that reduces a private jet to flaming wreckage, then suddenly it will be important and we will need to do something about it.