> Is it because we're all making those sweet 1% salaries in tech?
Probably. People need to realise it's not the normal state of affairs, nor will it last forever.
Where I live, everyone was making 6 figure salaries out of school working for oil companies. Now unemployment is over 10%, and every single person my age who worked for an oil company was laid off, most are back to being bartenders and servers with no future in sight. Many are in tons of debt, a few on the verge of declaring bankruptcy now that they have a car/house/whatever they can't afford anymore.
When you look at economies in the western world as a whole (take out a few boom towns), it's pretty dreary for our generation (I'm on the upper end of what's considered a 'millennial'). Globalism and automation have decimated entire industries, where jobs still exist wages are being driven downward, inequality is increasing, leaving the 'working class' to struggle.
We'll survive, but the future won't look like the past, we'll have a lot less than our parents did (comparatively speaking). No single salary supporting an entire family with 2 vehicles and a single-family home. More like dual income, 0.5 vehicles and a tiny condo.
It's not the apocalypse, but people need to start listening to economists, open their eyes, and boomers need to take responsibility for the shit-show they've created.
Also, as an aside, every single left-wing party in the world right now needs to take a hard look at their policies. It's no longer good enough to be barely right of centre, and support a token progressive cause. Right-wingers want to fix the job situation by destroying globalism, putting up tariffs, and strong-arming companies into bringing jobs back. And you know what, it'll work. It's sound policy economically, in a game theory "fuck you, I've got mine" sort of way, though far from progressive and won't build a better world. If left-wingers ever want to realise their vision, it won't be by crying over straw-men (Russians, Nazi frogs, etc...), they need to become truly progressive economically. This means guaranteed income, an end to our lottery society. But right now, the left doesn't have answers (well, they do, but not the political willpower). The right does, and all across the western world nationalist governments are going to pop up. The writing's on the wall.