It's still valid in a couple of other countries though. I'm sure I don't make more than my friends in England for example, and I know some in Brazil that make really good money (compared to those around them who are not programmers) and I'm sure there's other countries who pay their software engineers well enough. But yeah I'm aware that there are countries where being a software developer is not that profitable sadly. I always hear of outsourcing software development overseas for simple things like having a website done.