Because it's bad for the industry as a whole. Clueless managers are looking exclusively for PHP developers because all they know is that there are a ton of them around. Meanwhile, people who've mastered more powerful tools and can produce more work of higher quality are being excluded from contracts for trivial reasons.
Why is it not good for the web? Unless an insecure website is leaking personal information, I don't see how that affects you. Besides, how many websites designed by newbies reach hundreds of thousands of daily visitors (or even tens of thousands for that matter)? If said website is so terribly designed, no one would visit it because it would load slowly and be ridden with bugs; no fun.