Most of the time, management don't even know what they don't know. As a result, entire America lost engineers and builders and now don't even know how to build rails, factories and rockets to moon.
A lot of market forces tend to "naturally" create monopolies/oligopolies. For eg if you're the biggest steel plant you can operate efficiently and keep moderate margins, beating any plants not as big (economies of scale). An independent guy (or even the entire team) can't just open a new steel plant shop down the road, even if the current one sucks.
To be a bit honest, I'm a computational scientist who's never seen anything near 100K and likely never will. It's hard to imagine not having around 4 times my salary and not being able to start something myself.
I think your premise is significantly correct; things like launch HN (and even YC startups) are heavily software biased. I suspect you'll find about a hundred product hunt products for every physical kickstarter/indiegogo.
To start a $100M hardware company you need $500M.
Software is a tragedy of the commons situation where anyone smart enough to engineer is smart enough to learn pointers and objects instead of shear stresses and voltage fluxs.
Nevermind that software pays much more with a much lower barrier to entry.
Even if you are good at those, for many companies, it's more about connections than about the ability to build stuff. So if you don't know the right people, it is very difficult to get a foothold.
Accept that there are other skills besides engineering, and they can be just as challenging to learn, and just as opaque from the outside of you don't understand it.
Given I'm now in my mid-50s, things are looking grim. And I'm not getting paid SV silly money. I'm not even getting paid US dollers.
Anyway in general, corporations are sticky. They save resources through scale and collaboration. Famously this is a problem for free market true believers because if you believe that the market is the most efficient mean of organizing people then you would expect firms to operate internally as free markets (or disappear). There is a whole body of work about it,
https://en.wikipedia.org/wiki/Theory_of_the_firm
In practice you can't just become your own boss and compete against firms.
And, of course, there's nothing preventing a small/medium business from incorporating, either. "Corporation means big, small business is a different thing" is common shorthand but not actually how it goes.
https://techtrenches.dev/p/the-west-forgot-how-to-make-thing...
(Has some AI tells though, probably AI-assisted?)
These people and bots have no idea what they are talking about. They’re parrots.
The biggest but not only example: https://en.wikipedia.org/wiki/Tom_Mueller (yes, lots of subcontractors involved, however, Nasa paid, with a bonus percentage provided by the US military)
Note that Mueller gives the payment situation at TRW, and the fact that he "wasn't appreciated" as a direct reason to go to SpaceX.
What did you think happened? Does anyone actually believe Musk did the technical design for that engine, just because he claims so? Or I should say he constantly claims it, staying slightly away from direct claims to avoid getting caught in lies (well ... getting caught AGAIN).