Am I the only who thinks that "90% of American parents want their kids to be computer scientists" is rather unsettling?
The market is currently full of people who are in for the money and will continue to be. It will be filled with people until supply meets demand. That the salaries will drop significantly is a natural result of this.
We had this pork cycle for teachers, doctors and other highly trained people. No one is benefitting from too many people who drive the prices down (although I'm not gonna say something as an employer, companies are happy about it - the profit margin will shrink but this can be compensated for using scaling). Those that are in for the money will leave (or continue to suffer in an unfulfilling job) and those that have passion can't sustain themselves (we can see this trend in indie game development today).
The market is currently full of people who are in for the money and will continue to be. It will be filled with people until supply meets demand. That the salaries will drop significantly is a natural result of this.
We had this pork cycle for teachers, doctors and other highly trained people. No one is benefitting from too many people who drive the prices down (although I'm not gonna say something as an employer, companies are happy about it - the profit margin will shrink but this can be compensated for using scaling). Those that are in for the money will leave (or continue to suffer in an unfulfilling job) and those that have passion can't sustain themselves (we can see this trend in indie game development today).