It's the same money as before, but it's just being distributed towards higher salaries for developers/designs because the other infrastructure costs of starting

It's the same money as before, but it's just being distributed towards higher salaries for developers/designs because the other infrastructure costs of starting a company have come down so much. Even with the salaries being 20-40% higher, the initial costs for a startup are still at a historically low level, so more startups are being funded. As more players enter the ecosystem, they start competing for talent, hence driving the wages up even further.