Every CxO on the planet is foaming at the mouth now, because they see AI as the way they can finally cast tech into that sea of $40-60k jobs. I knew a (jerk) founder who would openly grumble about how expensive tech talent was and how "one day, when tech cools off, you guys are going all to be paid like the guys on the manufacturing floor..." Typically they're not so mask-off but I bet a lot of them think like that.
If anything AI is going to get rid of the lower tier tech jobs. There will be much fewer but they will pay 7 figs. Basically you replace 10 devs with one super dev and a fleet of agents.
At least that’s what the CEOs seem to expect.
Interesting that they never seem to think the executive suite is overpaid -- for some reasons it's always everyone _else_ who is overpaid.
This talking point is common but really a non issue. At Google for instance, executive pay makes up less than 0.3% of operating expenses compared to 30% of that being for non executive compensation. You can’t pay for a damn thing by taking that down to 0.2% or whatever you’re asking for.