Pretty much, We don't talk about it as often as we should - but post dot-com Software was a bad place to be. There was general fear that outsourcing to India would do to software what outsourcing to China was doing for Manufacturing. These fears culminated in an under-supply of CS majors through the 2000s and an oversupply of various "business" degrees. The assumed "ideal path" was to be in management so as not to be vulnerable to outsourcing.

Flash forward to the 2010s and there are too many entry level accountants/financiers/managers in training, and too few software professionals. Even in fields with some shortages it's not a given that you will have bargaining power e.g. Nursing.