I haven't researched it, but I imagine railroad engineers probably went through a similar economic reality in the early 20th century. What the author doesn't really get, is that there's no putting the genie back in the bottle. The party is over. Salaries will never be as comparatively high as they were in the 80s and 90s, no matter how many code reviews you try to sabotage (weird "advice," by the way).
In the capitalist game, being an employee is never going to be a way to garner any real amount of wealth, so expecting to be a 1%'er while working for BigCo as engineer #23435 is an unrealistic expectation to have.