>It is normal to be underpaid in this industry relative to the astonishing value a software developer creates, yes.
Your opinion of how much value a software developer creates is irrelevant, except to the extent that it influences wages you are willing to pay to others, or wages you are willing to accept, and only that matters to the extent that there is demand for you and/or how many developers you can hire.
In the real world, median starting salary doesn't even break 70K, much less 85K, according to salary.com, even in silicon valley.
http://swz.salary.com/SalaryWizard/Software-Developer-I-Sala...
My point, with this thread, is that while yes, there does exist a group of developers who make bank right out the gate and continue to do so throughout their career, for most of us? most of us are median. For most of us, $200K+ a year is purest of fantasy. And $85K right out of school is not bad at all.