That you are "pretty privileged" is a value judgment of your own and is irrelevant to the deleterious effects that the conditions of your employment create on the industry at large.

Yes: software developer incomes are high. But simultaneously, unemployment amongst CS grads at American universities is also high.

Shrug. Having 10 years of experience when I moved here I don’t think I was competing with recent CS grads at any point. I did however share that experience with the newly graduated US junior developers I mentored.