If you look outside of “tech” companies, you can find pockets of high demand for software engineers. I work in hydrography and private companies and government agencies in this field are starving for good software engineers. The pay is decent (though not as good as FAANG or maybe even some start-ups of yore), but more importantly the work is really interesting.
Yep. This is why I'm not worried. I live so far below my means I could take a 50% pay cut and not even notice. If you're earning anywhere near what TFA thinks people earn and you'd notice if you took a 50% pay cut, then I have absolutely no sympathy for you.