The Sr. Enterprise Architects I know in the Java EE space are making around $80/hr, nothing more. Sr. developers make around $60-65/hr but I have seen as low as $50/hr. which equates to around $100k/yr with no benefits, so equivalent “with benefits” pay is around $75k/yr. In Southern California that is a pretty low pay for someone with over a decade of experience.
In my view development work is going overseas and/or performed onsite by L1 resources shipped here by companies like Infosys. This is the trend.
Given the skyrocketing cost of obtaining a college degree it would be foolish for anyone to obtain a Computer Science degree with the hopes of getting a development job for any money that will be worth their time.
If a person with over a decade of experience would get $75k/yr a person just out of college would probably be paid $40k/yr, that is the current reality…and that is IF there are entry level jobs in the first place.