Wouldn’t the ‘sage theory’ simply be that: this is a recession. Perhaps it’s just been too long since the last one (17ish years?) for people to recall recessions. Last time I got stuck in a very boring job too, for 4 painful years. Probably a good time to study, they say.
I'd rather be in a boring job than a stressful job.
I'm on a team that's talking about PIPing me and I have no opportunities to move to internal teams because there are so few open positions at my level. External job posting seem terrible right now in my area.