That definitely happend in the dotcom bubble. Plenty of "developers" were crowding the field, many of which neither had any real technical ability or interest.

That definitely happend in the dotcom bubble. Plenty of "developers" were crowding the field, many of which neither had any real technical ability or interest. The nerds who were into programming based on personal interest were really not affected. Those who have tech as a passion will generally outpeform those who have it as a job, by a large margin. But salary structures tend to ignore this.