On the whole, I agree. This trend will severely hinder the ability of companies engaging in this practice and somehow they won't know it. On the surface, to the people engaging in it they see it as a win. Over time though, they'll build experience eventually come to realise they've placed an incredible stealth tax on themselves.

That said, I wouldn't go so far as to say young people are stupid. I'd be more inclined to say that it takes a long time to get enough experience. When I was much younger, I vastly underestimated the value of this experience. Over time, I've come to see it as critical.