In all of my software career I have only worked for a company that actually produced software twice. One was as a contractor to Intuit and the other was Bank of America. Absolutely everybody else had these massive fleets of developers who struggled to put text on screen from a high centralized database to a web browser.

Few, maybe 15%, of those people really seemed like they could program. Everybody else talked about their favorite tech stack and their opinions on code styles. It kind of felt like code masturbation. A shrinking job market is not surprising.