Nobody "made" them do anything. I never graduated college, I barely made it out of high school. Where did I acquire this knowledge to save money and live reasonably, while these other software developers are "made" to obtain these lifestyles requiring $300k a year?
My guess is that these people, who are "doomed", don't actually exist. I have a strong suspicion that, over the last few years, most folks got in while it was good, and are happy they were around while it lasted.
Saying they would have been better off with a "regular job" is pretty presumptuous. What if these folks are actually smart people who just saved up while FAANGs were offering huge salaries? What if this isn't actually a big deal? What if it was a good thing that ICs were getting paid a lot of money for a bit, instead of having wages suppressed by investors to prevent situations like "probably wouldn't have happened to them if they had another, more regular job."
Give me the money. Let me choose how I spend it. Don't pretend you know what is best for me.