Plus, I would argue that any argument trying to scare people away from tech jobs based on the current economic circumstances is worthless if it does not suggest a more promising alternative.

Will an individual who has the appropriate qualifications and experience find that tech jobs are harder to find, less stable, and less well compensated than they were 5 years ago? Yes, absolutely!

But will that same individual find that tech jobs are harder to find, less stable, and less well compensated than jobs in another industry right now? If so, which industry?