We've all secretly been benefiting from the dreaded "trickle down economics" which has shifted as interest rates have increased. What percent of HN users salaries are actually paid by the revenue from the customers of their business rather than burning down investment funding?
Most of us have had high paid jobs funded by some billionaire VC burning their wealth on unprofitable ventures, because they were willing to lose 10 bets to win 1.
Today, investors (whether VC, private equity, public markets) want to own businesses that are profitable or can reasonably be expected to be soon. Correspondingly, far fewer jobs paying six figure salaries while the company loses millions of dollars for their investors/owners.