Much of your argument rests on refuting the notion that the author feels "entitled" to a high-paying job. In that point, I agree with you. Any engineering undertaking is most productive when it is a meritocratic and competitive pursuit. People that feel "entitled" to an engineering job unfortunately need a reality check on their true competitiveness.
However, that doesn't seem like the authors core point. The authors' core point here is that they feel that the level of competition is past the point where their meritocratic achievements have any weight because to be competitive in the present marketplace, they need to either (1) inherently be _born_ in a different country with a low cost of living, (2) give up certain basic freedoms, (3) settle for a less skillful job where they can be an outlier in the distribution (for how long?) etc. -- all of which, to them, feel less meritocratic.
Of course, they might also feel "entitled" to a job, but that's not the interesting part of their argument (at least to me).