Seems so. I don't see it being all that astonishing. Where else are you going to go? For normal people not in tech there aren't a thousand startups calling your name. There might be one or two competitors that aren't able to pay any more and would be a lateral move at best, which isn't worth the risk of hopping unless things are horrible where you are. A fair number work for government, so that's your only option save completely changing careers.