In 2012 - 2023, this lifestyle used to be at Google, and Facebook and everyone outside wanted to join.
In 2023 - present The day care lifestyle is at NVIDIA, OpenAI and Anthropic and everyone outside wants to join (they are too late) after getting laid off.
It's that simple. There will be a new day care somewhere but it if you are looking for a safe and stable job, it does not exist.
Are all safe and stable jobs "day cares" in this lens? This issue isn't limtied to tech these days.
Many of us just wanted vaguely what the promise of a good job was supposed to offer. A decent wage, the ability to afford a home one day, support our families etc.
Maybe not everyone but up until about 2022 I had great job security and loved my work. I knew I was extremely lucky. I didn't have a crazy silicon valley salary but I was doing pretty well on any kind of global scale.
Job security went quickly out the window, with it came a sense of insecurity and the dread that most other working people live under. So I'd argue we aren't more sad than most people, just lost the warm bubble of being paid well to sit in a comfy chair and daily get the reward of solving interesting problems.
So did the people at car factories, at steel mills, at any number of places that no longer have that either.
Your last sentence is correct, we're just coming down to the reality that everyone else is suffering. But hey, tech unions are socialism, we'll pull ourselves up by our bootstraps at any moment now.
On topic: the bigger issue here is that I don't really see the angle of "we'll just retrain and adapt". All white collar work is in danger, and most blue collar work is also on the decline in numbers for other reasons. Are we all going to be nurses for boomers at this rate? Or doordashers and youtubers? I don't see the "next frontier" here and people thinking they they will "be their own manager" are blind to how large an impact this will be.