[toomuchtodo]

It never was valued. The circumstances didn’t change; the collective delusion is simply evaporating (“quiet quitting” colloquially). It was always about shareholder value.

You don’t get paid for working hard, you get paid at the intersection of what you can project as value delivered and what comp your employer is willing to part with to retain your role.

And if you’re working hard and not seeing more comp, why are you working hard? If you enjoy it, by all means, proceed. But don’t be shocked when others are optimizing for a paycheck alone. It is an economically rational decision.