Earlier quoted context omitted.
the next wave of innovation will be things like battery tech, deep AI in other words, nothing a React dev is going to put together in their kitchen realistically, the unemployed will end up competing with the ten of thousands of new devs coming out of college and bootcamps...the guy who cleans our pool is learning python as part of his online coding degree (really)
It's great your pool guy is furthering his education and going into tech but there is a skill gap between experienced ex-FAANG and those jumping into software for the pay check. Bootcamp/College grads are not competing at the same level as those who have 5+ years of good experience and a passion for tech (as most of us have, being on HN on a Friday evening/workday).
Poolboy will be happy to make anything significantly higher than what they make cleaning pools and won’t know about the good old days when you could call up the on staff chef and have food delivered to your cubicle. He’d be like “what’s a cubicle?”