The ones that can’t code or didn’t learn modern skills like container orchestration are seeing the skill floor drop with companies migrating to SaaS everything and laying off teams, and the ones that learned are called infrastructure/devops engineers and easily make six figures. Sysadmin roles that used to pay 100k+ are now 20-25/hr at most businesses because they are just glorified office managers in 2024.
Companies are all trying to be like Amazon now, they want easily trained and replaceable people, so unless you work in a high skill ceiling job you are going to just be paid less. Even teachers are just glorified daycare workers these days. The good days are over for most people who thought the good times would never end.