On the other hand, if the market is saturated with developers of a language, you still can’t command a high salary.
It also doesn’t matter if you’re a “10x developer” if all the company wants is another software as a service CRUD app.
Companies who want good developers who are interested in their career and technology aren’t doing PHP.
From a personal anecdote, I worked for a company that had one legacy product that was written in PHP and one new product that was written in C#. The company couldn’t get any traction on their new project but was getting business modifying their legacy PHP product. Once we as developers saw that the roadmap for the next year was doing PHP, all 14 developers left within the next three months.
None of us wanted to waste a year of our life and put on our resume that we wrote a “PHP website”.
If you are an average C#/Java/Node developer, companies will be lining up to give you a much better paying job.
You aren't limiting yourself to those jobs, you're constraining yourself to a geographical area (there may be any number of good reason for this) and optimizing your learning path for the jobs available in that area.
Even if it is sub-optimal in the costs/salary sense, there is much more to life.