The more people get into it the less valuable it becomes is the thing. But others pointed out there’s a ton of other reasons it’s problematic, like the need for those other jobs to exist to actually, like, have a functioning society.
Edit: Also arguably a lot of the low hanging fruit coding positions aren’t as lucrative as they once were. People with experience are doing well. New people are having a tougher time getting their foot in the door compared to 5-10 years ago.
Outside of a few small local businesses that actually care about doing right by people, loyalty hasn’t mattered for decades dude. Companies don’t give a shit about any of us. Why even bother thinking in terms of loyalty, it’s completely misaligned with how they operate.