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.