I'd argue it actually makes things worse. When you can have a higher-purpose job (an ICU or ER nurse who is saving patient's life everyday) and you're spending most of energy on administrative overhead, the effect is just magnified.

Meaning is a subjective thing. That's why some people thrive in some environments and some may burn out. If you put your average IRS auditor in a hospital, they might actually find more meaning in filling forms than exchanging with patients.