FWIW I've worked in tech here in Iceland for 12 years and this isn't really my experience. The article is a little rose-tinted but it isn't as negative a bbarn makes things seem either. In particular salaries in tech can definitely be higher than they make out and this sector is healthy for the size of the countries population!
I did follow up with another sentence where I disagreed with the point that’s relevant to the article under discussion here. It’s seems pointless to run through all the tangential stuff the OP wanted to have a jaundiced rant about.