I think this isn’t true, at least for SWEs at companies like Google. Do you have any evidence for this position? Or any example evidence of what salaries used to be and what they are now?
I only have my personal experience contrasted older swes. In the nyc area swes start at around 80k a year entry level, whereas a few years ago swes started at 120k+ entry level
Maybe google is different, but industry wide wages are falling