It also caused the "Golden Age of Programming". It's only been a golden age because of high salaries for relatively low effort. So if their needs change, obviously the industry changes. This article has nothing to say really.
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Money is how you define a Golden Age of Programming? I consider the late 1990s and early 2000s more of a Golden Age, and my reasons for it have nothing to do with making money. The time was of Golden Age because that's when programming became more accessible to the masses. Yes it wasn't without its fault, namely with regards to cyber security, but people all of the world suddenly were able to learn how to code and all the needed was an Internet connection.
Frankly, all this nonsense about money, total compensation, etc. is the cancer that killed programming.
The learn to code movement, the plethora of bootcamps promising to make you "job ready", and how it became more widespread knowledge that software development was a "quick" way to a 6 figure+ salary. It's around that time it spread beyond just the nerds and became the hot new easy money career, or at least people thought at the time.
2008 played a role as well. People saw that tech was relatively resilient, and one of the only industries accelerating after the crisis. After 2008, chosen majors at universities saw a drastic change as well from humanities and arts into more job-focused degrees, CS being the major one.
Still happening today, although the job market isn't what it used to be, tech is still one of the very few fields where someone can quickly earn 6+ figures without a PhD.
Honestly if salaries would have kept up in other fields, we probably would not have seen as many people rushing to software development as a safe haven from economic instability.