It’s absolutely true that the culture has changed significantly in those 20 years, the weird thing is singling out participation trophies as the cause of that change. There’s a contingent of people who get bafflingly worked up over participation trophies and seem to think they’re everything that’s wrong with society, and… nobody else really cares about them at all.
Heck, at this point, the anti-participation trophy sentiment itself feels pretty outdated. Like, come on, haven’t you moved on to griping about CRT yet?