I'd expand the timeframe to 30 years and say the biggest contributors to this are the rise of neoliberal politics combined with globalization leaving a lot of working class people "behind" while corporations made ever more and more profits, combined with the rise of the Internet where the most outrageous content gets the most clicks/likes/eyeball-time with next to no institutions to provide as "quality filter".
Stuff like antivaxxers, flat earthers, "great exchange of the white people" and other conspiracy bollocks was relegated to physical mailings of fringe groups naturally limiting its distribution, nowadays the reach capability is in the millions for everyone.
In addition, countless fuck-ups (aided by propaganda) demolished trust into journalism and experts in general, which led to the erosion of fact-based viewpoints as the base for democratic discourse.
What is this referring to?
This has happened all over the world. The obvious major thing that's changed is this thing right here: The internet.
Social media has replaced "mainstream media" as the source of our news and our opinions. And so we have a new opinion landscape.
This gives license to all sorts of denialism and conspiracy theories--the right denies climate change, the left denies biological gender differences, and both sides have their anti-vaxxers and flat-earth theorists. Without common "truths" to counter our tribalist tendencies, we are being pulled toward extremes.
I don't think this is supported by the evidence. Polarization in the US hasn't been unidirectional (there are many long periods during which the US became less polarized) and the recent massive spike is, well, a recent spike--it's not a natural evolution at all. Something happened in the last twenty years or so that increased our polarization. I recall several good sources, but I'll have to dig around for them...