Many people were setting up shop bubble tea shop after the economic crisis because they were out of a job. Same like how many people are picking u cameras to become pro photogs because either jobs are hard to find or they are out of a job.
like the bubble tea market, the photography market will eventually get flooded with so many new photogs that prices will collapse, just like bubble tea where there were so many stores that prices just kept falling. People will leave the industry as it becomes unprofitable and it goes through a correction phase.
eventually the situation will stabilize. I predict as the economy gets better, jobs are more secure, and pple realize photography isnt profitable at current prices, they'll move onto doing something else, like being housing agents. I'm not saying photography is a fad, it's not, but the state of the industry is going through a transition right now, or so i feel anyway.