Earlier quoted context omitted.
To be fair, I think even the senior levels aren't exactly well paid. According to https://taketheexit.de/ 55% of developers feel heavily underpaid and that's something I can believe easily.
Sorry couldn't you elaborate on why you can believe it easily? I feel like people in tech are paid very well so this is a surprise to me. If anything I feel overpaid despite being paid much less than most of my peers
For the majority of skilled workers, IT workers are poorly paid. While we make more than the median salary, the amount of skill, effort, the time it takes to become good at the job is a lot higher than those making the median. You then have the culture of overtime. It's not uncommon to see PRs from people at 10 pm, be told you need to work the weekend, for projects that aren't fully defined and/or have months left to go in development.
Overall, I feel that as an industry, we've massively undersold ourselves and made top-level execs not fully appreciate the value that we as an industry bring. Nevermind the average person, they completely don't value the industry what so ever. The amount of people who default on Web Agency bills who would never default on any other vendor bill is massive. People wanting an ecommerce website for a few hundred pounds.