If you adjust for inflation it's been true for about 50 years in every part of the software industry (especially games, fintech, insurtech, automation, web..) among the top companies. Everywhere you look people have made a ton of money whenever the state of the art gets to a point where you can apply software tech to something that's not been done with software before. It's a sort of ongoing 'goldrush' where developers move from one field to another as tech gets to the point where computers are fast enough and clever enough for an existing industry to realise there's enough value in optimization to make it worth paying for.

The only thing that's changed recently is that now startups aren't waiting for lumbering old incumbents of whatever industry it is to invite them in. Now software companies are pushing the incumbents out because the data that old industries use as a moat is open enough to not be a barrier any more.

I am not sure the situation is the same. Code used to be somewhat valuable, like in for example a game engine. Today code is to some extent free, and programming is a service. You don't sell software, you sell whatever investors wants to see. If the economy takes a hit programming won't necessarily be very valuable anymore.

> If the economy takes a hit programming won't necessarily be very valuable anymore.

if the economy takes a hit, a lot of things won't be as valuable as they once were. that's kinda the idea of a recession.

Six figures these days is equivalent to a lot less when this guy was a "CEO". You'd think for how wise this guy pretends to be, he'd understand the rising cost of living and inflation has made a six figure salary barely enough to scrape by in some cities, and is really only a comfortable salary in most others. This entire article just reads like a thinly-disguised millennial hate piece.

Ah yes, this guy here to tell us that actually, it’s labor getting a share of profits that is the real problem. Cut labor costs! Such insight.

And how is this different to Chad who went to an Ivy and got a job on wall street IB based on daddies connections.

And hasn't it been the case for lawyers for decades?