While they are indeed very high compared to other professions and the national average, they are still on relatively low growth compared to others. There's also the argument that it's not software engineers that are overpaid, but that everyone else is underpaid [1].

[0] https://apnews.com/1a68c31f2cb54b15af536cbe168442bf

[1] https://qr.ae/TS0Zxe