Yes, this. The part I found the most disturbing was:
"Maybe since we in the IT industry tend to be well paid, nobody should care, and there's no reason complain."
There's a pretty significant portion of the tech industry that isn't necessarily well paid, nor do they have much in the way of job security. When times are good, they do just fine. When times aren't, they bounce between really marginal contracts and unemployment. (I replaced IT with tech because I've spent most of my time in software development, so most of my knowledge of IT as a field is somewhat second hand.)
Tech culture tends to be all about individual achievement - and on the flip side, if you're not bringing in the buck, then you must be an underachiever, right? Which just means that if you are one of the workers who is more vulnerable, and if you are being exploited, there's more social pressure not to speak up about it, because you don't want to be labelled a whiner, when everyone knows that it's really that you couldn't hack it.
(Just in case there's any doubt, while I'm a big fan of people doing cool stuff, and rather like to do cool stuff myself, I think the above is a rather stupid and short sighted approach to structuring a either a business or a society.)