https://www.stlouisfed.org/on-the-economy/2019/december/declining-labor-share-us-industries
your productivity became 10x and the business value increased multiple folds but your salary remained the same
You might feel that you are safe in the job but in
software engineering is just a menial job now
the value of the job is going down on average
yes companies still do need people
but the people by themselves arent worth much
they are plenty in number and easily replacable
and yes an individuals salary will now be affected much
cuz mostly no one does to a lower salary
so companies will mostly keep their salaries same until they retire or resign
and hire only lower level people at a lower pay
and ultimately lowering the average
The moats remaining