Though I do wonder what do I (as an SF dev) offer that an offshore contractor making 1/5th as much doesn't? Or heck never mind offshore, somebody outside one of the big tech centers (like where I first worked after graduating). The future of engineering always seems to be remote, but here we still are.
But you're right, the .com crash totally washed out a lot of the "HTML Programmers" and their ilk, people who couldn't pass FizzBuzz but got hired because they knew buzzwords and the hiring teams didn't know any better and were desperate. I like to think today's FAANG interviews are good enough to at least not repeat those mistakes.
Besides, I'll probably always worry I'm not worth my salary on some level (impostor syndrome, yay) - it's hard to come to an objective conclusion on this, anyway.