Your mentioned software. The IT/code/programmer crowd are just the latest casualties of the offshore/H1-B onslaught.
Twenty years ago, companies were shedding electrical, mechanical, computer, and most other engineers like you wouldn’t believe. Two years after NAFTA, and the WTO entry of china, and a degreed engineer was on par with a manager of a burger king.
The IT crowd are merely the latest victims of a global slave trade that been going on for at least the the last 20+ years. I’m actually surprised that all of the code/IT crowd lasted as long as they did.
I have a friend who has an impressive closing resume and cannot get permanent employment. It’s been years of mid-term contract work.
He wrote a program for one of the big retail chains that saves them undress of millions a year, yet he’s not employable.