No, i think the desire to pay others less is. Because that’s what deflating bubbles means - dramatic drop in whatever the context is. The normalisation you are talking about means everyone will be equally underpaid. Or did you think software devs were getting paid by money taken away from other jobs and now suddenly the central government will reallocate it? If anything they’ll get paid less because there’s less tax revenue and more corporate profit.
That’s twisting my words and deflecting my question. What i said was that instead of having at least some people earning what everyone else should we will instead have everyone earning a low wage. Worse, cutting pay from software workers would mean less tax paid and less money available. The money will accrue in tax havens and banks well hidden from you and i. Also do you think that software devs are taking money away from the jobs you mentioned? Do you think the money they will loose will be magically diverted to pay raises for workers in other industries instead of filling in the pockets of those inciting this class war?