What a poorly written blog post. This is proto-apocalyptic in the same way that Zerohedge is. The author may not understand why the software industry has high compensation, but Wall Street does. High margins, low op-ex, data moats, often winner take all dynamics, broad applicability, capability of cannibalizing incumbent industries, ease of deploying investment capital...even accounting for the dot com bubble, technology is the product and acceleration of industrialization, which in and of itself produced some of the highest concentrations of wealth in history.
The industry is not immune to bubble effects nor to catastrophic meltdowns (WeWork was obviously a huge, recent cautionary tale and very likely not the last), but to pretend not to understand where the compensation comes from is either lazy, wilfully ignorant, or both.