When I was in my 20s, I was aware of the situation anecdotally from other grad students. However, I wanted to shoot my shot and by the time I hit my late 20s and 30 all of those weekend hours in the office and the low pay made those software jobs very alluring. So I jumped ship.
I miss research in academia quite a bit, I still read papers and review articles if I'm contacted. However, I don't think I'll go back with the work-life balance and higher salaries in industry.