"Large tech companies and overvalued startups" describes the employers for hundreds of thousands of people. There certainly are coasters in that group, even though I don't think it's a useful point of discussion.

Tech jobs on the whole are broadly easier than other industries like medical or legal. Even accounting for familiarity bias, I'm confident that my job is significantly easier than my doctor's or my vet's despite us being in similar income brackets. That doesn't make it easy, just closer to a sane workload.