CTL,
could this simply be simply a drift of the titles? When we say “Rabbi” Akiva, this is not necessarily same semicha as your local Rabbi, right? Same, the word “yeshiva” changed with times when everyone in the community goes there. On one hand, this obviously raises general level of the community, on the other – level of the average “yeshiva” now caters to IQ 80 to 120, not the 120-160 as the early ones perhaps did. You can see the same with colleges, that drifted from a philosophical exercise to a remedial high school with some skill training and diversity mixed in, while at the same time raising general knowledge level of the population.
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