No, the field grew tremendously and you can see a clear generational bias -- by years of experience, not age -- where the cohort from the last 10-15 years has a completely different understanding of what the craft is [software engineering vs business development] and how to approach it [optimal solution vs soonest deliverable].
You can also trace personal backgrounds and you'll see a much higher representation in the newer cohort coming from upper middle class backgrounds with families in careers like finance, consulting, medicine/dentistry whereas more in the older cohort came from more modest middle class backgrounds in engineering, academia, or even working class trades.
Of course, there were always some of all of these people in the industry, but the balance shifted dramatically during the last couple booms, tracking the atypically high compensation standards set by FAANG's since 2010 or so.
You can also trace personal backgrounds and you'll see a much higher representation in the newer cohort coming from upper middle class backgrounds with families in careers like finance, consulting, medicine/dentistry whereas more in the older cohort came from more modest middle class backgrounds in engineering, academia, or even working class trades.
Of course, there were always some of all of these people in the industry, but the balance shifted dramatically during the last couple booms, tracking the atypically high compensation standards set by FAANG's since 2010 or so.