Agree with the OP a thousand times over... Other games do this too but this is the absolutely worst implementation of the formula possible. It's like some research scientist focused on only the token for gear aspect of other games and boiled it down to it's most simplified and pure version. It is absolutely soul crushing and made me quit the game for 2 years, nearly for good. Really the only reason I came back was because I was incredibly bored and couldn't find anything better to do. But I am almost done with MSQ now and am absolutely dreading getting back on that treadmill again.
It is so incredibly grindy and absolutely destroys the idea of the job system. I understand why it exists now however due to some recent videos that were made featuring interviews with Yoshi-P. When creating ARR he mandated that they study what other MMO's were doing, and so they did. They just forgot to study the things that make those games fun.