Horseshit. The cheapest rent I've seen around here is 1500 a month, and that's almost 20 grand a year right there. Add standard utilities, food, insurance, and commuting costs and you're already pushing 30k. That's assuming you don't have student loans to worry about.
I totally agree that the power is in our hands, but it is far less simple to make that work then you are letting on. There is a reason salaries in the valley are so high... it's damn expensive to live here. If you're in a position where you may get fired for not putting in 60 hour weeks, more often than not your options are work 60 hour weeks or hope you get another gig before you're forced to move out of the valley.