[sokoloff]

That’s not my experience watching friends go through the full cycle. The tech employment market for talented programmers appears to be the hottest I’ve ever seen and I worked through the late 90s tech boom where literal used car salespeople were being hired into tech only to be back selling cars by summer of 2000.

[tomerv]

Talented people will also have higher standards (want large compensation package, or interesting work, or something else), and figuring out whether a job opening is up to that standard takes time. The result is that even for developers in high demand it takes a lot of time to find a new job.