The key is that you know what you're getting involved in, and it isn't the same job as pre-2000.
Talk of T&Cs increasing is even possible from where we are today, but it's not going to be the upper middle class job it once was.
If we're honest, it does not require the ability of yesteryear and hence you don't need to pay top dollar for an exceptional individual as you don't need them for today's shift.
In fact, a top individual is going to be complete pain in the @rse to manage with lower T&Cs and a boring job.