I think the main reason is that young people can be paid less. They also don't realize that your pay is your take home divided by hours worked, and that if you

I think the main reason is that young people can be paid less. They also don't realize that your pay is your take home divided by hours worked, and that if you are salaried and working 80 hours a week you are actually making half what you think you are making. More experienced developers who actually have kept up with their skills are much better, but the fact is that a lot of the development work out there isn't at that level. A lot of it is just plugging and chugging Java, JavaScript, etc.