Why are the incentives the way they are? Why value quantity over quality?
Talking exclusively for my field (but it is likely similar for many others):
- As an undergraduate student: you need 1-2 first author top-venue papers to go to a top university (MIT, CMU, Stanford, Berkeley, Toronto etc) for PhD. For second-tier ones, you can get away without that, if you have done a very good thesis within that group, but gets harder if you want to go to some other unis (for example, going from ETH to Cambridge).
- As a PhD student: you need papers in top-venue to have a realistic chance of getting internships in FAANG companies.
- As a postdoc: you need multiple top-venue papers to get a position in any of the top 20-50 or so universities. Also, if you then want to go to FAANG, you need several papers.
- As a tenure-track professor: you need a shitload of top-venue papers to be able to get such a position, in case of the very top unis, probably 20 or so. And then when you get that position, you need a shitload more to get tenure. For example, I just checked my supervisor's papers, and she has over 30 top-venue papers but still she has not received tenure in a top (but not MIT/Stanford-top) university.
- As a professor: the more top-tier papers you have, the more chances you have to get grants. For example, in ERC start grant (starting grant of the elite ERC grants), professors can apply only within 7 years of their PhD. In general, they have somewhere between 20-40 top-tier papers, which is kinda crazy cause we are talking about young people at the beginning of their careers.
- As senior professors: reputation, more funding, organizing conferences, being editor in chief of top journals etc.
Why value quantity over quality?
Because getting extremely qualitative research is incredibly hard. Also, because most of the research is done by PhD students, who typically need 3 top tier first author papers to get their PhD. And there are thousands of them.
Don't get me wrong, it is not that the research is shit. After all, it is still interesting, and very professional. But in the grand scheme of things, it does not mean anything. There are a few papers who study similar idea and get roughly the same results. There is too much incremental research. In general, there are probably 10 or so papers for each year who really push the field forward, the others just make tiny incremental research, to the point that if you delete them from existence, nothing happens. But then, maybe without having this massive number of them, you won't get the top 5 or 10 who really make a massive impact. And maybe a lot of the engineering papers (who extend an idea in an incremental way using some engineering tricks) actually improve things, which in turn bring more success, funding etc, which in turn increase the chances of one of those stellar papers happening.