Hiring market self correction. A lot of headcount is needed during ramp up phase. Tech is a very new industry comparatively. So a lot of big tech are still learning as they move. The pay will correct itself and stabilize to market needs. This is very normal. Happened with engineering many years ago, happened to the other industries years ago. The younger generation have the advantage of history knowledge accessibility and yet I'm shock by the ignorance these Gen Y and Z have. Still singing the salaries and looking down on the other industries. Tech isn't lucrative without limits. Just that they are not yet matured. Expect discreetly carried out retrenchment, attrition in the coming years and reduction in median wage to fit the market in the coming years.

Welcome to reality, kids.