That would be true if there was a salary bubble. There isn't. On the contrary, salaries for engineers are still low relative to the scarcity, and tech startups are only a small portion of the IT job market. And most startup jobs are actually underpaid compared to "boring" IT.
There may be a bit of an impact in SV, but not much beyond. Same as last time.
And most startup jobs are actually underpaid compared to "boring" IT.
Most tech workers don't realize this. I can work an exciting, below market startup job (infrastructure/devops), and then hop back into enterprise IT (it manager/vp engineering/senior linux admin) when the going gets tough and get paid more (ie market rate) until the next startup wave comes through.
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That would be true if there was a salary bubble. There isn't. On the contrary, salaries for engineers are still low relative to the scarcity, and tech startups are only a small portion of the IT job market. And most startup jobs are actually underpaid compared to "boring" IT.
There may be a bit of an impact in SV, but not much beyond. Same as last time.
Most tech workers don't realize this. I can work an exciting, below market startup job (infrastructure/devops), and then hop back into enterprise IT (it manager/vp engineering/senior linux admin) when the going gets tough and get paid more (ie market rate) until the next startup wave comes through.