It's not just our industry; it's every industry.
But don't relate it to money, hours worked etc: relate it to what you can do with the money that you earn, and how much time off you get to do it.
I have a friend who is the IT manager for quite a well known UK company. He works at the head office in London and reports directly to the board of directors. 30 years ago, he would have been able to live in a detached house in suburban London, have 2 kids at private school and possibly support his wife to be a stay-at-home mum. Now? No f*cking chance. Both of them have to work, kids at the local state school. Granted, they're not in a 2-up, 2-down, but they're certainly not in the kind of house that someone in that position would have been in a few years ago.
It's a combination of more hours worked, plus less remuneration for those hours, plus higher cost of living.
Economic "expansion" has been funded by cheap debt. Taking it full circle, what this does is it puts a lot of pressure on those further down the pile to underwrite the increasingly lavish lifestyles of those at the top...
Having spent most of my life thinking that I was one of the lucky ones, it's only in the last few years that I've realised that I'm actually one of the less unlucky ones!