Plenty Tech CEOs are humbling tech workers lately by performing a ritual known as mass Layoffs.
I get it, because it sucks, but it's still tone deaf for people in the top income brackets, 401Ks, and plenty of disposable income.
Most Americans (employed or unemployed) don't get any of those kinds of benefits.
The dev world’s baseline for what constitutes good treatment, bad treatment, and fairness from employers, an acceptable amount of disposable income, acceptable housing expenses, etc. is completely detached from the rest of the working world. Now that the demand is dramatically changing, that will probably also dramatically change, and that’s going to be rough. If it does, maybe it will recover. It has before, but this seems like a much more significant change.