Grossly overpaid for effort/comparison to other wages/industries.

Adequately paid for value captured (hence why companies are willing to pay for them at this rate).

Not a moral statement, but this gives more tools to those in power.

I tend to think like you. Somehow we convinced businesses that a mostly-blue collar job gets paid white collar salary but I've been told that SW-engineers aren't overpaid. Most people are just very underpaid.

What are your thoughts on that? I can lean that way just because I have a genius mechanical engineer friend who only makes 60k in his 30s.

I think it's easier to bring people down to the same level rather then bringing them up to it

If the reduction of developer wages led to the increase of wages for other workers, sure. But of course that won't happen. The reduction of wages for any class of worker will simply lead to further consolidation of wealth.

We each produce 1MM+ in actual revenue per year but paying us 100k+ is too much?

Do you think project managers are overpaid too?