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Downturns are not pleasant, but they have a reason to exist. When the boom times of the late nineties caused unprecedented demand for hi-tech talent, many workers flooded into the field that were not suited for it by ability or experience. This downturn is shaking those people out. In the long run, that's good. When the upturn comes, those who are good will have less competition for jobs.

However, those accustomed to near-six-figure salaries for routine work are going to have to adjust their sites a bit. I'm not sure they were ever worth that much, and they certainly are not going to get it now.

Downturns are not pleasant, but they have a reason to exist. When the boom times of the late nineties caused unprecedented demand for hi-tech talent, many workers flooded into the field that were not suited for it by ability or experience. This downturn is shaking those people out. In the long run, that's good. When the upturn comes, those who are good will have less competition for jobs.

You don't have a clue Joe, millions of jobs have been lost and the H1-B program is a major factor. Combine that with the flight of jobs outside the U.S. and we have a problem never before seen.

However, those accustomed to near-six-figure salaries for routine work are going to have to adjust their sites a bit. I'm not sure they were ever worth that much, and they certainly are not going to get it now.

What kind of work do you do? My guess is that you don't add much to society or production, please prove me wrong.

However, those accustomed to near-six-figure salaries for routine work are going to have to adjust their sites a bit.

I agree, this shakedown is overall a good thing.

It should also prove to be a hotbed of new development, if there's enough 'Capitalist' left in America. That's how this is suppose to work. Out-of-work developers better not be just sitting around on their tuckus watching Oprah. Developers develop. All good developers have 'hobby' apps they're working on.

Altho I do worry that the software market isn't a 'free' market. If one of the giant software companies can just copy and bundle any new software that comes along, will there be enough incentive to developers to risk spending all that time and effort on developing something that will just be taken away?