I'm not saying it would be wrong to be rich or that devs should be rich if they work for companies that make a lot of money per employee. But that's a pretty "valley centric" view that creating software means creating infinitely scalable money machine and each developer always creates a value much larger than what they are paid.

For most us devs, especially in europe where a larger fraction of us developers work, I imagine, in traditional industry rather than "in software", there just isn't a situation where we create this massive value. We create more than we earn, sure, but it's not exacly Netflix money. The company I work for, like almost all companies, have a huge number of employees and a profit margin that has looked pretty similar for a lifetime.

What's unfair is perhaps that there are instances of such companies, where the developers really could and should be rich because they write software that make billions. If such devs were paid better, then I could also be paid better, because I'm paid in competition with them. More likely though they'd be paid more and the jobs that aren't in that category would be done elsewhere. So in a sense, I'm also a tiny bit happy that the pay structures aren't as widely distributed as they are in some places.