We have our own small boutique software type of business, so we aren't dealing with "employers", but all of us have never worked more, and for less (per hour) pay. Customers simply have higher expectations now, and we have to compete globally with basically an entire planet willing to vibe-code things, along with internal pressure at clients of "we can just do this ourselves".

So that means shipping higher quality, faster, with more features, and for a lower end price.