>>105686908
This never happened. All the old graybeard (and graymuzzled) coooooders were MIT graduates. Not as in "they graduated from MIT" but most of them worked there and then started their own companies later. The dotcom era following it was similarly mostly actually formally trained engineers and all the consistently big money was made on network hardware.

If anything the "just hire hobbyists lol" era is where wages started to drop (because they could justify not paying non-grads as much) and bootcamp nonsense started to take hold (since schools were already bad in general, but CS programs tended to be woefully out of date all the time and didn't provide foundational "always-relevant to work on anything without breaking it but you won't invent anything new with this" type knowledge the same way proper engineering schooling does)