Because developer and other white-collar job salaries are the top expense of most companies.
White collar jobs as a white - yes, but even in software companies it is not uncommon when sales and marketing cost more than engineering.
I don’t think software developer is a white collar job. It’s essentially manufacturing. There are some white collar workers at the extremes but the overwhelming majority of programmers are doing the IT equivalent of building pickup trucks.
Oh boy I can’t wait until we get rid of the highest paying jobs!
Your response doesn’t explain why so many people are hyped about it, just why CEOs are.