Sure, but there’s no need to infantilize young tech workers either. Most of them knowingly decided to work in the most competitive industry, despite having a skillset that would earn them a better wage with comfortable work-life balance anywhere else. They can quit at any time and get a job that’s better in literally every way except that the end product won’t be shiny.
The real victims aren’t software developers, but people in creative positions: writers, graphists, designers, modelers, etc. who don’t necessarily have a skillset necessarily highly valued outside of the entertainment industry.