>The reason developers are paid a lot is because they're worth a lot. That's it.
That is circular reasoning. The reason developers are paid a lot is because employers have bid up the compensation of developers.
That is circular reasoning. The reason developers are paid a lot is because employers have bid up the compensation of developers.
But yes, I can see what you are saying that employers drive the demand which puts the value on developers. Kind of like my wife and multiple other people in the world putting a price on a LV handbag, without the demand the LV is probably not worth more than a few hundred dollars.