I've been hearing from recruiters and hiring managers that now, basically every cover letter and resumé is "perfect". Good grammar, spelling, everything about the job posting is mentioned, etc. etc. Because you can just use an AI tool to spit out a perfect looking page.
Which of course means that then it's all a test of how good can they straight up lie their way through the interview process.
So if you want to know why hiring has gone even more to shit unless you directly know someone who is hiring, blame AI.