People do it out of passion, I guess. It’s funny too because the work is usually significantly harder than the much better paid start-up/SaaS jobs.
Everyone has college degrees, there’s no C++ bootcamp grads
I went to a school which was well-known for its game dev degree so I know dozens of people in the industry (mostly everyone works at Ubisoft) but opted out myself because the pay was way too low
Tons of fun problems and passionate people but the industry is an absolute meat grinder. Last I looked at the statistics median industry career length was ~3 years.
I could look into remote work but I am quite confortable where I am. I love the 35 hours workweek, the 21 days of paid time off, the week and a half around Christmas, my private office with a marble window sills (that I will use only 2 days a week when the telework plan is finally officialized) , the 7 minutes commute, the low cost of life and my beer aficionado colleagues.
On an annual basis some internships are better paid. Where do these folks hire?