I feel like most Computer Science majors wont be able to get high paying jobs, because the field is competitive. Am I right or wrong?

I applied to an entry level Software Engineering engineering position one time and it said 1 out of 83 applicants got the position. Also, I talk to 8 people who graduated with me in the same major. Only one of them has a high paying job and she says she kinda of wants to quit because it's too stressful.
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