Nate Meyvis

There are some jobs that are very low-status, and consequently well-paid. That’s a Coasian bargain, where status-insensitive but money-sensitive people select into them. Which means that raising the status of those jobs harms the people who do them.

Relatedly, many people do not appreciate the social harm caused by lowering the status of poorly paying jobs.

"I wanted to get paid in status, but I got money instead!" FWIW one sees this not infrequently in tech, also!

Ah, you are assuming salary increases to compensate. Outside the tech world, the more common result is simply that the caliber of people in the profession decreases.