The venture capital market is on fire and driving up prices for computer programmers. A Wall Street Journal article outlined how programmers straight out of college are being paid starting salaries of over $100,000 a year. This is not a positive for well established technology companies as their compensation expenses are sure to rise.
Technology has been one of the hottest sectors and this is a case of being a victim of ones own success. I see this as more of a longer term headwind but unlikely to effect the shorter term.
3 comments:
I told you he's wrong on his views..
I do give him kudos for admitting it. Most don't.
http://www.thestreet.com/story/11028755/1/kass-mea-culpa.html
Like I keep saying...things are getting better. Buy the dips, you'll be rich in a few short years.
outsourced tech labor is still dirt cheap.
i have been told by friends in the tech sector that outsourced tech labor is extremely low quality.
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