You think people getting their phds in physics are just anteing up to the game? The fact of the matter is thaat innovation is cumulative, and it takes time and education to get up to speed on what's been done so you can incrementally imrpove it. That's where innovation comes from. Not some kid with a text editor.
Look at it another way: where are the game changing algorithms coming from kids with no experience and just a text editor?
How much of the game changing behaviours in technology are coming from algorithms? To be honest, I think the biggest changes are coming from new data, and new social systems over which to build technologies.
Look at it another way: where are the game changing algorithms coming from kids with no experience and just a text editor?