It's likely that pay has gone up because tech workers are providing more value. Consider an employee working at an investment bank 15 years ago versus today.

It's likely that pay has gone up because tech workers are providing more value. Consider an employee working at an investment bank 15 years ago versus today. 15 years ago, most value was generated by hoards of sales people and traders who cultured deep personal relationships with deep-pocketed customers. Today, tech people command a greater share of the wallet, and banks are making deep cuts to the ranks of sales people and traders.