[bateman_]

Due to the nature of programming interviews many programmers self-select themselves out of a shot at these "bubble" salaries. Look at recent threads on HN, many folks with valuable experience refuse to prepare for the modern day FAANG-like programming interviews out of principle or whatever, and thus aren't putting themselves in a position for these $250-300k jobs.

These companies have actually devised a pretty decent scheme to select candidates, you gotta be someone either smart enough off the bat or dedicated enough to study to pass their interviews -- either way it's a VERY strong signal that you're going to be a solid hire.

Tech companies are going to continue being some of the most valuable companies in the world, if they aren't we have a lot of other pressing issues (like the decline of civilization) to worry about. Even amongst a downturn and/or recession I'm very confident that programmers at the FAANG type companies will continue to be paid very well relative to the rest of the population.