Pay might be high, but it has not kept up with the increases in cost of living and inflation over the last 20 years, especially in big cities like SF or NYC.

Also, Adobe, Apple, Google, Intel, Intuit, Pixar, Lucasfilm and eBay all colluded with one another to keep tech worker compensation below its market value[1].

[1] https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...