How Long Will Programmers Be So Well-Paid?

Last week Glassdoor published its most recent software engineering salary report. Short version: it pays to code. Google and Facebook employees earn a base salary of ~$125K, not counting benefits, 401k matching, stock options/grants, etc., and even Yahoo! developers pull in six figures. Everyone knows why: ask anyone in the Valley, or NYC, or, well, practically anywhere, and they'll tell you that good engineers are awfully hard to find. Demand has skyrocketed, supply has stagnated, prices have risen. Basic economics. But why has the supply of good engineers remained so strained? We're talking about work that can, in principle, be performed by anyone anywhere with a half-decent computer and a decent Internet connection. Development tools have never been more accessible than in this era of $100 Android phones, free-tier web services, and industry-standard open-source platforms. Distributed companies with employees scattered all around the world are increasingly normal and acceptable. (I work for one. We're hiring.) And everyone knows that software experts make big bucks. Basic economics would seem to dictate that more and more people will flood into the field, bringing salaries back down to Earth.

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