This is true if you’re comparing exclusively within the tech field.
The job title of “computer programmer” is extraordinarily prestigious compared to, say... barista, waiter, nurse, bus driver, police officer…
Getting into “tech” is a very big deal compared to almost literally any other field that is not law/medicine.
Tech jobs are well known for paying well (compared to the other jobs you can get if you’re not born into money) but have never been prestigious. Unless you’re considering the VP/CTO jobs that don’t involve algorithm solving and do involve being from the right Harvard fraternity.