[CM30]

I suspect the answer is a bit of both. On the one hand, the era of zero interest rates is apparently over, so that'll effect things a bit. And the end of the pandemic means that the numbers we saw during that time period probably won't happen again, at least without a major world emergency breaking out.

But things will likely improve eventually. Probably due to a mix of laid off developers finally finding new jobs, a decent percentage of developers/engineers leaving the industry, and new companies being founded in future.