People entering the market now talk about it like it's a complete wasteland. Apparently entry-level 'learn-on-the-job' tech work is extremely competitive and difficult to access for new graduates these days. If you're already 'in' and have a network and experience it's still largely like the glory days, but getting to that level is supposedly much more difficult now.
(To be fair to any younger people reading this, my entry-level tech job was at $28k/yr and I worked restaurants and bars until I was able to move on, so it's not like I got a degree and someone threw $150k at me to intern. It took a lot of work, even in the glory days)