I used to live this industry, but not enough to take a 55% pay cut and keep working 50-60 hour weeks. Fuck it.
The companies who have called me in the last 3 years have all been shitty crypto companies, half of which now bankrupt, so I decided 45 was a good day to buy a 16-unit apartment building in the Balkans become a rent seeking landlord.
But there are companies out there that do not force you to work 50-60 hours/week. I'm not sure about your particular situation, but in general as I get more experienced, I tend to work less. For instance: I work as a regular employee, 40h/week (8h/day), but I put around 3h/day max. everyday. 3h/day of focused work is enough to get things done and say something in the daily standup of the following day. But yeah, pay cuts suck.
> How do people over the age of 35 maintain optimism in what is clearly 2001 all over again.
Consider boring, stable companies for this macroeconomic chapter.