Well, you will see this as paranoia then: There were lots of people arguing like you that there were no bubble -- just until it burst.
For instance, this "everyone learn to code to earn money" thing imho indicates that it is highly likely that the programming profession will burst in a short while. Again. (The reason there is a lack of software people now is at least partly because everyone stopped studying computer science after the IT death.)
Edit: jonnathanson (and others) answers you better than me https://news.ycombinator.com/item?id=6440516