Robert M. Gary writes:

Maybe they are really, really old. I got out of school in the 90's
just ahead of the internet boom. I don't ever remember there being job
stability(if you define it as being able to work for the same company
for 40 years), and hours have always been long (actually they were a
lot longer before the industrialization of software). The bottom line
is that there were *WAY* too many people calling themselves
programmers during the internet bubble. Now you have to know what you
are doing.

There hasn't been any job stability since the first oil crisis.

Even if you know what you are doing, someone in India knows what he is doing
even better than you do, and he'll work for 10% of your salary.