[uejfiweun]

There's no question that equity valuations are due for a massive collapse, the federal reserve has even admitted this. But there are a few things that make me thing that software engineer compensation has nowhere to go but up:

- The world is becoming increasingly computerized. The demand for software is skyrocketing.

- Software engineering is extremely economically efficient. You can produce infinite quantities of a piece of software with no marginal cost.

- Outside of the HN / CS bubble, most regular people still think coding is either boring, stupid, or too hard.

I really think it would be tough to do this job without some major interest in computers that most people simply don't have. And you can't really fake this. This puts a cap on the supply of engineers.