>but most devs wouldn't even consider a job at that rate
Lots of people ... most people work jobs that fall into that category.
I'm not sure that means much. I don't know how many folks who go into nursing are likely to just chose to be a developer or if it is that simple for them.
I know a few folks who went to university planning to continue on to med school, but ended up as devs for various reasons. Also, a vast majority of the audience for this site are devs.