You can't look at years of largesse and then when we get back to reality lament about how it's so horrible.
The American worker has never had largesse, even the tech workers like ourselves, the largesse is and was and will still be going to the capitalist class. You're basically saying that we must accept that we're meant to live shitty lives where we grind and grind for very little gain while the capitalists and founders thrive on our labor. Reality is reality, but the whole "we can't complain about this" message you're sending is part of what's keeping us here. We should be fighting for the fruits of our labor.
I am absolutely not convinced that if I lose my job I can easily get another one that pays as well, which is saying something because my wage is pathetic compared to most people on HN.