I can’t believe you have to explain to people why corporatism is a bad thing. It underlies the largest problems in this country, and we should actively be protesting it.
What is it about tech work that requires such a high intelligence, as you state? Because I'm a tech employee and would argue that your claim is completely unfounded. There's nothing special about learning how to code—it's a very trainable skill. Takes a lot of time and dedication, sure, but trainable nonetheless.