i've got some perhaps surprising news for you, my young friend... 20 years ago was 1995.
sure we didn't have broadband and fancypants angular.js but i'm pretty certain developers were around waaaay back during web 1.0 (to use a turn of phrase).
Are we?
Yes, tech workers are very underpaid, even if their pay is good relative to the rest of the economy right now.
My question is more that I would be very interested to see data supporting the idea that there has been a large drop in developer salaries.
This report outlines how STEM wages have stagnated since about 2000[0]
2015[1] CS graduates have starting salaries that are about 4% lower than 2014[2] graduates. Do that for a few years and it adds up.
Anecdotally, I am a "Senior" software engineer that has been writing software for nearly 20 years (professionally 10), work for a household name software company on the east coast, and having trouble affording any real estate in the area without an insane commute.
[0] http://www.epi.org/publication/pm195-stem-labor-shortages-mi...
[1] https://www.naceweb.org/uploadedFiles/Content/static-assets/...
[2] https://www.naceweb.org/uploadedFiles/Content/static-assets/...